Vale’s violent attacks on the nickel industry rose

In the first trading day of June, the broader market went very buoyantly. However, the nickel industry stocks rose suddenly due to the violence attacked by local mining opponents in the world’s second-largest nickel mine, Brazil’s Vale’s Goro mining area, over the weekend. Intraday reached a daily limit, in which Xingye Mining (9.48, 0.86, 9.98%) (000426) closed at a daily limit.

As Brazil’s Vale’s Goro mining region in southern Syedonia was hit by violent attacks from local mining opponents over the weekend, the industry expects that there will be a new round of nickel metal due to the actual supply gap in August or September this year. As prices rise, in the domestic A-share market, nickel-related companies may benefit from this. Under the influence of this news, yesterday, Wah Chak Cobalt’s heavy volume rose yesterday. At about 1100, it took the lead in the daily limit, hitting a record high of 25.76 yuan. However, the stock opened its daily limit and went down quickly, closing 5.89% higher; Gene Nickel (15.98) ,0.63,4.10%) touched the daily limit at around 2 pm and also closed at the end of the trading day, closing up 4.10%. Hengshun Electric, which plans to acquire Madani nickel mine, opened lower and moved higher yesterday. It also touched a daily limit in the afternoon. The stock price quickly fell and closed up 4.77%; Xingye Mining, which was about to inject high-quality copper-nickel ore, came on top, reaching a daily limit close to 11:30 and sealing it to close.

According to the exchange's public information, the collective changes of the nickel stocks yesterday were the participation of hot money. Of the four stocks listed above, the largest purchase of hot money was Xingye Mining. Guotai Junan Chengdu North First Ring Road securities business department, Tibet Tongxin Shanghai Dongfang Road Securities Business Department and Yinhe Securities Shaoxing Securities Business Department have absorbed more than 10 million yuan each, and Nanjing Securities [Weibo] Shizuishan Fuqiang West Road securities business Departments and other sales are below 6.2 million yuan.

It is worth mentioning that the second purchaser of Huaze Cobalt and Nickel is also the Galaxy Securities Shaoxing Securities Sales Department. At the same time, Huaze Cobalt and Nickel bought 12.32 million yuan, but also sold as a sale of 24.38 million yuan. In addition, Caitong Securities Wenling Donghui North Road Sales Department purchased Huaze Cobalt Nickel 19.03 million yuan.

Hengshun Electric's buying power is relatively small, only to buy a Guotai Junan Shanghai Jiujiang Road Securities Sales Department of the transaction amount of 10 million yuan.

Henghai Securities analyst Wu Hairong believes that from the point of view of Huaze Cobalt and nickel's capital flow, hot money gradually began to take profits at a high level, due to the cumulative increase in the stock, the short-term can rallies to lighten up.