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
美尚生态 买入 -- 研报
东易日盛 买入 -- 研报
金螳螂 买入 -- 研报
全筑股份 买入 -- 研报
中设集团 买入 -- 研报
中国交建 买入 -- 研报
龙元建设 买入 -- 研报
杭萧钢构 买入 -- 研报
蒙草生态 买入 -- 研报
苏交科 买入 -- 研报
美晨生态 买入 -- 研报

盈利预测

评级选股>>
股票名称11年EPS12年EPS研报
中国化学 0.45 0.62 研报
中国中铁 0.31 0.30 研报
中国铁建 0.57 0.62 研报
中国交建 0.68 0.75 研报
安徽水利 0.75 0.79 研报
中材国际 2.06 1.38 研报
中国建筑 0.38 0.51 研报
山东路桥 0 0 研报
龙元建设 0.36 0.44 研报
中设集团 0 0 研报
苏交科 0.45 0.64 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 38 持有 持有
金风科技 35 持有 持有
三一重工 32 持有 持有
上汽集团 31 持有 持有
华鲁恒升 31 持有 持有
万科A 31 持有 买入
赣锋锂业 31 持有 持有
先导智能 31 持有 持有
贵州茅台 30 持有 持有
泸州老窖 30 持有 持有
光线传媒 30 持有 中性
海大集团 29 持有 持有
索菲亚 29 持有 持有
华鲁恒升 28 持有 持有
索菲亚 28 持有 持有
洋河股份 28 持有 持有
中顺洁柔 28 持有 买入

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 972 118 241
生物制药 671 79 158
机械行业 630 87 193
化工行业 531 67 172
建筑建材 448 54 207
汽车制造 427 44 114
农林牧渔 420 32 144
交通运输 399 40 92
食品行业 368 36 113
金融行业 361 30 154
电子器件 353 63 66
房地产 335 48 71
商业百货 330 45 97
酿酒行业 306 19 69
酒店旅游 289 23 125
家电行业 255 19 71
服装鞋类 240 24 75