share_log

东北证券：年末指标偏紧供给收缩 供需矛盾或加剧

Northeast Securities: the year-end index is too tight, the supply shrinks, the contradiction between supply and demand may intensify.

新浪財經 ·  Dec 14, 2021 00:28
Northeast Securities pointed out that the year-end indicators are tight and supply shrinks, and the contradiction between supply and demand may intensify. 1) on the supply side, the overall index is insufficient at the end of the year, there is a shortage of raw ore in the market, some separated enterprises reduce production, a few enterprises are limited by electricity at the same time, and the operating rate is reduced to less than 50%; some Sino-Burmese ports are opened, but factors such as the inability to export auxiliary materials and manpower shortage may still restrict the import of a large number of Burmese mines. 2) on the demand side, downstream merchants have a strong mood of replenishment before the Spring Festival. Therefore, in the short term, the contradiction between supply and demand may be further intensified, and the price of rare earths has sufficient momentum to rise. 3) in the long run, rare earths are at the starting point of a new era of reshaping supply and demand, and the valuation system is reconstructed. The future of rare earths is expected to repeat the logic of the history of high demand for lithium-cobalt new energy, and its supply side is even better than lithium-cobalt, seizing the opportunity of revaluation of core assets with global pricing power. Related targets: northern rare earths, Minmetals rare earths, Baotou Steel shares, Shenghe Resources, Xiamen Tungsten Industry, etc. (Securities Times website)
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment