The huge energy storage market is starting, and it is expected to have a rapid growth period before and after 2020. The industry believes that the introduction of the policy of double product system construction industry development internal mechanism, enhance the energy density of the battery demand will drive battery three yuan accounted for the rise, cobalt and lithium hydroxide will double benefit, demand is expected to continue to release. Other small metals, metal germanium, indium because of insufficient supply of raw materials, spot tension and strong demand support price strong. The rapid release of industrial demand and price rises is giving small metal plates a "big opportunity" for investment.
The price of small metals is strong
The price has recently jumped to molybdenum series products with the rise, due to market supply and demand tension, domestic suppliers are optimistic about the market outlook, hoarding hoarding phenomenon serious, exacerbated the tension between supply and demand situation. And there is a rumor in the market that the system of molybdenum export quotas will be resumed at home, which may lead to a continuous rise in the price of the whole industrial chain. As of yesterday's close, the small metal index rose by 1.87%, the top of the concept plate. There are more than 5% of the increase in the Chinese industry, the cobalt industry and the eastern tantalum industry.
The price of rare-earth is relatively stable. Before the Spring Festival, the upstream businesses of the rare-earth market have begun to be in a state of shut-down and production reduction. The Ministry had organized the rare metal inter ministerial coordination mechanism liaison meeting, indicate that the high attitude to rare earth hitting, stimulated the part of the business mentality, emotional optimistic, touch the rare-earth prices trend change up, but continue to rise and lack of power, or common businesses that wait and see. The praseodymium neodymium oxide prices held steady at 325000-335000 yuan / tons of cash, late last week fell 10000 yuan / ton, the spot market transactions are still scarce, the supplier said prices and is expected next week will tend to rise slightly.
In addition, this week MB low-grade cobalt and advanced cobalt rose by 1.5% and 0.4% respectively, and the price was again high, reaching $37.1 / pound and $37.5 / pound. According to the China and Thai coloured team, the global cobalt supply and demand in 2018 is still in a tight balance, which will support the mid - and long - term trend of cobalt price.
The new energy vehicle is an important application field of small metals such as cobalt and lithium. Related data show that in 2017, the development of new energy vehicles in the world is developing rapidly. The sales of new energy vehicles in the UK increased by 27%, a record high. The number of new energy vehicles sold in the United States increased by more than 470 thousand vehicles, an increase of 6%. The application of energy storage has gradually opened the large-scale demand of lithium battery.
Benefiting from the national new energy vehicle, energy storage and other industry support policies, the performance of new energy vehicles and upstream materials such as lithium, cobalt, nickel and rare earth permanent magnets has been improved since the end of 2016, and increased significantly in 2017. China Automotive Industry Association data show that in 2017, the sales and sales of new energy vehicles in China were close to 800 thousand, reaching 794 thousand vehicles and 777 thousand vehicles respectively, up 53.8% and 53.3% compared to the same period last year.
Performance improvement + demand enhancement
As of January 21, 2018, 56 non colored 119 listed companies issued a performance forecast. Of which 43 net profit pre, pre growth companies in 2 profitability; 8 net profit fell 4; 1 volatility fluctuations.
More than 43 companies forecasted, involving 3 enterprises of copper and aluminum 8, all for the processing and manufacturing enterprises involved in zinc alloy; 6 enterprises, the main basic zinc concentrate and non smelting processing; involving lithium, cobalt and nickel lithium ion battery upstream enterprises 5; rare earth magnetic, 5 enterprises; 2 enterprises, carbon anode.
The next 3 months will be the disclosure period of annual reports. We should pay attention to basic metals such as copper, aluminum, lead and zinc, precious metals, new energy vehicle upstream materials, such as cobalt, lithium and rare earth permanent magnet, and other strategic emerging industries, raw materials and other leading companies.
From the perspective of the global market, the world economy is steadily recovering, inflation expectations continue to grow, and the downstream demand continues to grow, while the upstream supply side pressure is not decreasing. Venture capital may prefer the colored sector in the relatively ample market liquidity environment. At the same time, in the short term, oil prices may show a high volatility pattern, which will further cause the market's concern about the fast rising of inflation level. To a certain extent, it will support commodity prices and superimpose the weakness of US dollar index.
Sustained attention to the release of policy sides and price fluctuations will support the continued improvement of the colored sector. Copper, gold, cobalt and aluminum are relatively noteworthy sectors in the near future.