Reporter Liang Baoxin Li Beibei Shenzhen Report
Shanghai Nonferrous Network data shows, February 22On the day, the average price of cricket ingots was 91,500 yuan/ton, and its average price on January 22 was reported to 89,500 yuan/ton, and the average price on December 19, 2023 was 80,500 yuan/ton.This also means that the two -month increase of the price increase was 13.66%.At the same time, the reporter of the Huaxia Times flipped through the domestic price data data in China and found that it was found that the price in the past 12 years has reached a new high of nearly 12 years.
Public information shows that 锑 is called "industrial monosodiuman", which is a precious metal resource that can be renewed.The characteristics are basically difficult to replace in the fields of military industry, aerospace, aerospace, flame retardant, and photovoltaic applications.
The China Minmetals and Chemical Import and Export Chamber of Commerce pointed out on February 21 that according to corporate feedback, whether it is the raw material side, the finished product side, and the trader, it maintains a low inventory state or even evenIt is zero inventory state.Large domestic ores are facing a decline in quality after many years of mining, and the pupa is irreplaceable and difficult to recycle.As a large consumer country, the supply of domestic ore resources is difficult to meet the demand growth, and a large amount of raw materials need to be imported from abroad.
In addition, business data shows that on February 22, European ingots (99.65%) were priced at US $ 12950/ton, and its offer on February 5 was $ 12750/ton.
The price of the new high
Shanghai Nonferrous Network data shows, February 22, 锑 锑, 锑The price of ingot is 91,500 yuan/ton, and from January 22 to February 8th (eve of the Spring Festival), it remained at 89,500 yuan/ton to 90,000 yuan/ton.
ingot price.The screenshot is from Shanghai Nonferrous Network
At the same time, the reporter flipped through the price data of ingot in China for nearly 15 years in China.The price of the month is similar.
ingots and ingots (10,000 yuan/ton).Picture source: Guojin Securities Research Report
On February 22, Huang Di, a SMM small metal analyst, pointed out in an interview with the reporter of Huaxia Times that in recent times, the price has continuedThere are two core reasons for rising. One is the decrease in raw material supply, and the other is that terminal demand performance is relatively strong.
In terms of raw materials, Huang Di believes that rising prices have been jointly affected by the nervousness of domestic and foreign raw materials.At present, the domestic ore ore resources are relatively tight, and the price is also rising from the original 30,000 to 40,000 yuan.Therefore, in recent years, the mines have been in a relatively universal attitude towards the shipment of the mines.On the other hand, starting from the second half of last year, several major imported mines to our country, such as Tajikistan, including Russia, the situation in the first half of the year was actually normal, but in the second half of the yearThe obvious decline, even a considerable part of it belongs to the re -export trade, is not to enter our country directly to digest.Therefore, the supplement to imported mines has become more tense.In this way, it is even more obvious to force the sale of domestic ore raw materials.
In terms of terminal demand, Huang Di said that the original use of the country in China was mainly in the field of flame retardants.However, in the past two years, the economy in the fields of real estate and automobile -related areas in the fields of flame retardants has shrunk by about 3-5%each year, which makes the use of flame retardants have not been used up.However, the growth of the use of photovoltaic glass clarification agents is unexpectedly fast, and this is equivalent to filling the needs of the original flame retardant, and even an incremental performance.
It is understood that 锑 is mainly used as a glass clarifice to sodium scorpic acid in the photovoltaic industry, which can effectively improve the photovoltaic glass transmission rate and improve the power generation power of components.According to the National Gold Securities Report, from the perspective of downstream demand structures, the proportion of flame retardants is the highest, which is 55%; followed by lead batteries and polyester catalysts, all account for 15%; glass ceramics account for 10%.
In addition, Huang Di also mentioned, "The price of the price is innovative in recent times, and it is also affected by its own industry cycle. Many manufacturers buy raw materials in August and September.After that, the markets that may be produced in January and November are digested. By December and January, it is a time point for buying and stocking, so these factors are superimposed together, and the price will rise. "
The research report released by Guojin Securities on January 8 also pointed out that the price of prices often rise around and after the Spring Festival.Double supply and demand around the Spring Festival, but due to the obvious seasonal decline in the supply of the industry chain, the situation of worse supply in supply has a better supply. Therefore, there are often good gains from January to March.
The price of the price of the Spring Festival (yuan/ton). "2GKPOT87"> Price Affects relevant companies stock price performance
It is worth mentioning that the four major companies in my country are Hunan Gold (002155.SZ), respectively. , Huayu Mining (601020.SH), Huaxi Nonferrous (600301.SH), Xingye Yinli (000426.SZ).Among them, the stock prices of the three major companies such as Hunan Gold, Huayu Mining, and Huaxi are related to the increase in price increases.
Guojin Securities pointed out that due to the holding of the mines and the proportion of gross profit, Hunan Gold and Huayu Mining have had good stock prices in the rising prices, and they also have a good stock price performance, and and also, and they have good stock prices, and and also, and their stock prices have performed well, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance, and they have a good stock price performance.In 2021.7-2021.9 and 2022.12-2023.3, the stock price rose approaching and more elasticity.
At the same time, Guojin Securities also said that the main business of Huaxis colored past is not 锑 business; since 2020, Southhua shares intend to acquire Huaxi mining industry, the companys transformation, tin, etc.Mining is mining, so there is also a good stock price performance in the cycle of price increases in 2021 and later.Although Xingye Yinxi has a strong resource reserves, the production of concentrates is low, and the corresponding income and profit account for relatively low. Therefore, the stock price and the price trend of the price are low.
锑 Related stock price (meta-/shares) and 锑 prices.Picture source: Guojin Securities Research Report
In addition, on February 20, Hunan Gold also stated on the investor interactive platform that the market price of gold and ingots is on the companys performanceThere is a certain impact.
For the trend of the market market, Huang Di said that from the current fundamental perspective, supply is still relatively lacking, the key depends on changes in demand.In recent years, the demand for the photovoltaic industry on the industry is growing every year. If this year can still maintain a relatively good growth trend, then there is a positive impact on the price.
Responsible editor: Zhang Bei Editor: Zhang Yu
