SMM7 March 26: the morning non-ferrous metals plate pulled up, the relevant aluminum plate is particularly strong, as of press release, Xinjiang Zhonghe, Xin Platinum shares, etc., up by the daily limit, Dingsheng new materials rose more than 6%, St Zhongfu rose more than 4%, and many stocks in the plate rose.
In terms of corporate performance, Zhonghe in Xinjiang is expected to achieve net profits belonging to shareholders of listed companies in the first half of 2021, an increase of 175 million-195 million yuan compared with the same period last year, an increase of 130% to 145% compared with the same period last year. Zhonghe said that in the first half of 2021, the demand for passive components such as aluminum capacitors was strong, and the company seized market opportunities, intensified market development, and actively adjusted the product structure. The sales revenue of electrode foil products and electronic aluminum foil products increased significantly compared with the same period last year. At the same time, aluminum prices have increased compared with the same period last year. The company's sales prices of high-purity aluminum products, alloy products and aluminum products based on aluminum prices have increased to a certain extent compared with the same period last year, and sales revenue has also increased.
A few days ago, Anhui Xin Platinum Aluminum Co., Ltd. issued a half-year performance forecast for 2021, which is expected to make a profit of 49 million-57 million yuan, an increase of 40.005% 62.85% over the same period last year. The main reasons for the growth in operating performance are: Xin Platinum Aluminum Co., Ltd. said that the company has increased the market development of new energy photovoltaic and automobile lightweight areas, and obtained the growth of sales orders; the production capacity of fund-raising projects has been gradually released, and production and sales have been continuously improved. achieved the growth of performance.
Everbright Securities previously said that since July, hot weather has appeared one after another across the country, the peak of power consumption is approaching, and there is a shortage of power supply in many places. Tensions have emerged in power supply in Inner Mongolia, Yunnan, Henan and other places. On the supply side, electricity restricts the release of short-term supply. In July, Inner Mongolia and Yunnan (the electrolytic aluminum production capacity of the two provinces accounted for 14% and 8% of the domestic electrolytic aluminum production capacity respectively) issued power limitation notices one after another, which may affect the release of electrolytic aluminum supply. Future development trend: in the case that the pattern of alumina supply exceeds demand is difficult to change, the trend of profit transfer of the industrial chain to the downstream remains unchanged, and the profits of electrolytic aluminum enterprises may remain high.
The Zhongtai Securities Research report pointed out that the mismatch between supply and demand, ample liquidity and overseas replenishment under the impact of the epidemic are the troika of the rising prices of basic metals this time. The State Reserve Bureau throws and stores copper, aluminum and zinc, and this time it is aimed at downstream terminal enterprises. The release time is at the end of each natural month and lasts until the end of 2021. Under the influence of the domestic summer power restriction policy, the supply of non-ferrous smelting is worried about being affected. At the same time, the flood in Henan has had a significant impact on the local electrolytic aluminum smelting and processing links, and the prices of major commodities have rebounded as a whole this week.
China Aviation Trust macro strategy analysts said that the US-priced crude oil, basic metals such as copper, aluminum, lead and zinc, as well as agricultural products such as corn and soybean meal still have room to rise, and supply, demand and monetary factors are still conducive to the rise. but the rise has also entered the tail stage, and there is little room for follow-up growth.
