Metals &Mining Alert-Daily prices and news:Gold close to $1,300/oz ahead of key events

类别:行业研究 机构:德意志银行 研究员:Jorge Beristain,Chris Terry 日期:2017-06-16

Industrials (/lb): aluminum $0.86 (-0.1%), copper $2.55 (-0.2%), lead $0.94 (-1.5%), molybdenum $7.82 (+0.0%); nickel $4.02 (-0.5%); zinc $1.12 (-1.0%);Precious (/oz): gold $1,294 (+1.1%), silver $17.71 (+0.7%); Steel (/mt): ChinaHRC $473 (-2.3%), SHFE Rebar $433 (-1.5%), MB Scrap Index $266 (+0.0%);Bulks: iron ore (/dmt) $56 (+0.1%), coking coal (/mt) $151 (-0.7%), freight (BCI)1,366 (+1.0%); Energy: Brent (/bbl) $50.12 (+1.3%), WTI (/bbl) $48.19 (+1.7%),natural gas (/mmBtu) $3.04 (+2.0%), thermal coal (/t) $77 (+1.4%).

    Gold at 7-month high of $1,295/oz ahead of key political and economic events.

    UK’s national election, European Central Bank policy meet and FBI DirectorJames Comey’s testimony expected on Thursday. Also, Indian demand mayrise in medium-term, as new regulations sets tax rate at 3% (vs. expected 5%).

    However, a Fed rate hike in mid-June could bring prices lower. (Reuters)US manufacturing PMI rises to 54.9 in May (vs. 54.8 in April). NonmanufacturingPMI fell to 56.9 (vs. 57.5 in April). Export orders decreasedwhereas employment rose across all sectors. (Bloomberg Finance LP)US flat-rolled steel re-rolling mills (NLMK USA, CSI) request US Commerce toexclude semi-finished steel from Section 232 probe. NLMK USA imports 1.6mt/pa of slabs and claims there are no domestic merchant suppliers of slabs.

    Import restrictions would impair the downstream manufacturer’s ability tocompete in the market. (SBB)Iron ore supply increases as low-cost miners add production from newprojects. Shipments from Australia’s Port Hedland rose to 44mt in May (+13%YoY). Output in Brazil, where Vale is ramping up its biggest project, S11D roseto record high of 35mt in May. Stockpiles in Chinese ports rose 20% YoY to137mt, even as Chinese mill output reached record highs and a manufacturinggauge indicated bumper production in May. (Bloomberg Finance LP)Zambia’s copper output expected to rise 4% in 2017 to ~800kt, per Chamberof Mines. Power tariff negotiations are progressing well, with a resolutionexpected in a few weeks. Government to set tariffs as per costs incurred, withan aim to recoup costs and ensure profitability of copper producers. Within ourcoverage, Barrick and First Quantum have operations in Zambia. (Mining.com)US steel import permits totaled 3.6m st in May (+7% vs April imports, +25%YoY), including finished products of 2.6m st (+3%, +24%). Permits for semis(+182kt, +22%), rebars (+53kt, +67%) and wire rods (+44kt, +29%) rose themost MoM, whereas, oil country tubular goods (-69kt, -20%) and coatedsheets (-43kt, -9%) decreased. (US import administration)Indian major Adani announces positive investment decision on $16.5bnthermal coal and rail project in Queensland despite facing opposition fromactivists. The project is expected to produce 60mt/pa over a 90-year mine life.

    (Mining Weekly)

数据推荐

投资评级

更多>>
股票名称最新评级目标价研报
中信银行 卖出 4.28 研报
中国银行 买入 4.38 研报
建设银行 买入 7.04 研报
工商银行 买入 5.98 研报
交通银行 中性 5.98 研报
农业银行 中性 3.75 研报
招商银行 中性 24.06 研报
民生银行 卖出 7.15 研报
中信银行 卖出 4.28 研报
中国银行 买入 4.38 研报
建设银行 买入 7.04 研报

盈利预测

评级选股>>
股票名称11年EPS12年EPS研报
浦发银行 1.27 1.50 研报
宁波银行 0.92 1.14 研报
民生银行 0.82 1.10 研报
南京银行 0.91 1.13 研报
北京银行 1.11 1.22 研报
平安银行 1.86 2.02 研报
光大银行 0.35 0.48 研报
兴业银行 2.04 2.31 研报
农业银行 0.36 0.40 研报
建设银行 0.64 0.65 研报
工商银行 0.53 0.57 研报

股票关注度

更多>>
股票名称关注度平均评级最新评级
贵州茅台 32 持有 买入
杉杉股份 32 持有 持有
碧水源 31 持有 持有
先导智能 31 持有 买入
华泰证券 30 持有 中性
中兴通讯 30 持有 持有
招商银行 29 持有 中性
中国国旅 29 持有 持有
万华化学 28 持有 买入
万科A 27 持有 中性
贵州茅台 26 持有 买入
保利地产 26 持有 买入
山西汾酒 26 持有 持有
杉杉股份 25 持有 持有
华泰证券 25 持有 中性
华夏幸福 25 持有 中性
隆平高科 25 持有 持有

行业关注度

更多>>
行业名称关注度关注股票数买入评级数
电子信息 907 127 257
金融行业 685 32 252
机械行业 671 95 198
化工行业 623 69 197
建筑建材 581 59 281
农林牧渔 547 39 181
生物制药 511 75 225
房地产 497 69 107
食品行业 496 37 202
交通运输 449 54 107
酿酒行业 420 18 116
电子器件 411 73 114
煤炭行业 390 32 70
汽车制造 382 48 97
环保行业 334 21 77
服装鞋类 324 32 126
钢铁行业 257 37 101