First, the supply side of electrolytic aluminum reform policies continue to fall
Last week, Shandong issued a document on the implementation of electrolytic aluminum production capacity, as the most important province of electrolytic aluminum production capacity, the firm attitude of Shandong province shows that the reform of the supply side of electrolytic aluminum has no doubt. Electrolytic aluminum enterprises from the first step, the deadline for self-examination is close, local verification is expected to follow up. Five stock flat, spot market premium narrowed, firmly optimistic about the aluminum price and electrolytic aluminum plate revaluation.
Two, new energy demand is expected to exceed expectations
New energy demand is expected to exceed expectations, focus on lithium, cobalt and magnetic materials. At home, the tenth batch of new energy vehicles directory published than expected, and sales in April is expected to exceed expectations; overseas, musk said hope Tesla can speed up the production schedule, the market for Tesla 2017 shipments are expected to more optimistic. New energy materials, lithium cobalt magnets, the upstream supply is relatively mild, the price is expected to rise into the channel. With Tesla Model 3 technical route clear and stocking demand for cars, new energy products usher in accelerated growth, the future high magnetic barriers to new energy vehicles certified as the representative of the material will usher in a strong business cycle, worthy of attention.
Three, tungsten prices continued to rebound, remain concerned
This year, the cumulative increase in tungsten prices has reached 14.8%, taking into account the early adjustment of tungsten plate stocks continued, it is noteworthy. Attach importance to aluminum processing industry. We recently in depth research of aluminum processing industry, strong demand downstream aluminum processing industry, production capacity continues to release, the white horse company to high-end deep processing transformation trend is clear, the volume of price potential, and valuations are at a low level, worthy of attention.
Four, investment advice
Focus on electrolytic aluminum for change and new energy lithium, cobalt, magnetic material and other related subject Belt and Road Initiative. The environmental protection industry and for aluminum production is expected to strongly suggest that attention, Chinese Yunlvgufen aluminum, Shenhuo shares, Zhongfu and Nanshan aluminum etc.. Lithium plate recommendations concern Tianqi lithium industry, Ganfeng lithium cobalt plate and Youngy shares, concerned about the recommendations of the Luoyang Huayou cobalt molybdenum industry, industry, the color of shares and magnetic plate pongsin resources; suggestions on sea magnets, three rings, Ningbo Yunsheng, the Milky Way magnet. Step by step activation and growth The Belt and Road infrastructure demand will bring the demand for commodities in the long-term boost, systematic shift contributes to the central non-ferrous commodity prices, good copper aluminum and zinc related company; at the same time, good in The Belt and Road areas bear the mine infrastructure, mining operations project company, Jin Chengxin recommendations concern and the color of shares, sinomine resources etc.. New materials, rail planning landing in 13th Five-Year, focus on rail, automotive lightweight target. Military attention gradually increased, military and civil integration trend, focusing on military, environmental stocks.