The Great Wisdom Nonferrous Metals Sector rose 3.4% yesterday after soaring 5.77% on Friday and reached a new high. Among them, China Gold Gold (600489), Xinjiang Zhonghe (Information Market Forum) (600888), G Zhongjin (000060) At its daily limit, Xinjiang Zhonghe had five daily limit trading days within six trading days. The rise was like a rainbow. It was no worse than the previous G circle dragon. Guo Jin Securities analyst Li Chris Yang said that the second quarter, zinc prices, gold prices are still optimistic, he recommended buying Zhongke Third Ring, China Gold and other stocks.
This year's zinc gold market gap
Li Chris Yang said that the main reason for promising zinc prices was the tight supply of zinc concentrates and the continuous decline in inventory. Closer to the international lead and zinc research group believes that in 2006 the global zinc supply gap increased. In 2005, the global zinc demand gap increased from 299,000 tons in 2004 to 432,000 tons. From the statistical data of major institutions, there is still a large supply gap in the market in 2006, which is a big difference between the zinc market and other metal fundamentals.
Looking at the change in zinc concentrate processing fees, the price of zinc concentrate contract processing fees in 2006 rose from US$1,000/tonne to US$1,400/tonne. At present, the inventory level has reached a new 5-year low below 300,000 tons.
The bullish gold price is mainly due to the continued growth in jewelry manufacturing demand, the slowdown in gold production growth, and the judgment on the weakening of the US dollar in the medium term. It is expected that the global gold gap may gradually expand in the next two years. In 2005, the global gold non-financial gap reached 800 tons, and the gap in 2007 will expand to more than 1,000 tons. In addition, a weaker dollar will also support the price of gold.
Xinjiang Zhonghe High Purity Aluminum Global Front
Xinjiang Zhonghe is a large-scale high-purity aluminum production enterprise in China. At present, high-purity aluminum production capacity is 12,000 tons, electronic aluminum foil production capacity is 12,000 tons, and electrode foil production capacity is 1,000 tons. Xinjiang Zhonghe’s high-purity aluminum has obtained military equipment licenses and will be sold in the military industry in the future. In addition, Xinjiang Zhonghe's high-voltage electronic aluminum foil technology has achieved major breakthroughs, and successfully developed the non-chromic acid system process. Currently, it is a domestic company that uses non-chromic acid technology to produce high-voltage electronic aluminum foil. In 2006, the price of electronic aluminum foil will be greatly increased.
Recently, Xinjiang Zhonghe has cooperated with the world's sixth largest manufacturer of aluminum electrolytic capacitors, and the joint venture is expected to reach production in August 2006. The company's electrode foil production rose from the current 1,000 tons to 2,000 tons. At the same time, electrode foil has a stable sales channel.
Xinjiang Zhonghe’s “Eleventh Five-Year Plan†is the electronic new material sales revenue of more than 1.2 billion yuan, high-purity aluminum and electronic aluminum foil the world's largest, the market share in the world.
Guojin Securities estimates that from 2006 to 2008, Xinjiang Zhonghe achieved sales revenue of 708 million yuan, 886 million yuan, and 955 million yuan respectively, and realized earnings per share of 0.752 yuan, 0.939 yuan, and 1.086 yuan respectively, and its net profit in 2006 increased year-on-year. 34%. Guojin Securities gives the stock 18 times the price-earnings ratio, the reasonable price should be around 13.5 yuan yesterday to close at 14.95 yuan, is currently not suitable to chase high.