Today, the three major indexes opened higher, and the pioneering index was relatively strong after the opening, with the Prev breaking through 3500 points in intraday trading. Non-ferrous metals, precious metals, automotive industry, electronic components, metal products, power industry, coal mining, iron and steel industry are among the top gainers, related stocks are generally bright red performance!
From the perspective of funds, the data show that by the close of noon, northbound funds had a net inflow of 845 million yuan, of which Shanghai Stock Connect had a net outflow of 134 million yuan and Shenzhen Stock Connect had a net inflow of 979 million yuan. In the market, Tesla plate rose sharply, new energy plate once rose, Ningde era rose 13% to 395.99 yuan, the turnover exceeded 5.6 billion yuan, the total market capitalization exceeded 920 billion yuan, ranking 10th in the two cities. The non-ferrous metal plate was stronger. As of about 13:40, only four of the 82 stocks were green, while the rest were gratifying. Shares of Nanshan Aluminum, Bowei Alloy, Yunhai Metal and Baoti rose by the daily limit. Huayou Cobalt Industry, Ganfeng Lithium Industry, Hanrui Cobalt Industry, Zijin Mining and so on rose.
From a macro point of view, on December 31, the National Bureau of Statistics released the operation of China's purchasing managers' index in December 2020. In December, China's manufacturing purchasing managers' index ((PMI)) was 51.9%, down 0.2 percentage points from the previous month, but it remained above the critical point for 10 consecutive months, indicating that the manufacturing industry continued to recover steadily. Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, pointed out that in December, China's economic recovery continued to consolidate. China's manufacturing purchasing managers index, non-manufacturing business activity index and composite PMI output index were 51.9%, 55.7% and 55.1% respectively, down from 0.2,0.7 and 0.6 percentage points last month, but all continued to be at a relatively high operating level during the year. Stay above the rise and fall line for 10 months in a row.
Internationally, US President Trump recently signed a $2.3 trillion novel coronavirus epidemic relief and spending plan, enabling millions of Americans to regain unemployment assistance and avoiding a partial shutdown of the federal government. this includes $900 billion in novel coronavirus rescue funds and $1.4 trillion in government spending. Global markets were boosted after Mr Trump signed the package. In addition, on December 30, Chinese and EU leaders jointly announced that the negotiations on the China-EU Investment Agreement would be completed on schedule. Cymbal
With regard to basic metals, Huatai Securities pointed out that the downstream operating rate of major copper consumption remained high, and the supply of Peru and Africa may once again be affected by the epidemic. Macro aspects are mixed, short-term market sentiment is cautious, and trading is weakening near the end of the year, copper prices are expected to fluctuate at short-term highs. Production restrictions, power restrictions, gas restrictions and traders entering the settlement period at the end of the year led to a slight weakening of downstream aluminum orders, short-term prices may remain stable and corporate profits are expected to remain high.
In terms of new energy, Huachuang Securities believes that tight lithium salts continue to lead to rising prices, while tight cobalt raw materials and rising prices drive the prices of cobalt products to rise. In the short term, there is limited room to increase the supply of lithium salt. In the first quarter of next year, demand remains high compared with the previous quarter, the tight pattern of supply and demand is difficult to change, and prices are expected to continue to rise. In the medium to long term, the demand for new energy vehicles and mobile phones resonates, and the demand for lithium and cobalt is expected to improve significantly, and the price of lithium and cobalt will continue to rise in 2021. In the short term, due to the high valuation of the plate, the stock price volatility increases, but the price continues to rebound and sales increase, individual stock earnings can continue to improve, continue to recommend the reference price to do trend investment. In the medium to long term, the future development of new energy vehicles has a high degree of certainty, and the high demand for lithium and precursors may lead to the growth of the company's performance.
![Non-farm payrolls data was strong, platinum prices dropped sharply intraday, spot market trading was active [SMM Daily Comment]](https://imgqn.smm.cn/usercenter/nQsOk20251217171736.jpg)
