(Original title: Silicon wafer price reduction!) "Photovoltaic Mao" fell nearly 4%, competitors followed the decline; funds continued to sell liquor stocks, Wuliangye price increases were full of rumors, and the stock price performance was not satisfactory)
This morning, A shares continued to fluctuate slightly, with major stock indexes rising and falling. On the disk, it is mainly manifested as individual stock markets, tobacco concepts, papermaking, coal, hydrogen energy and other sectors are relatively active, and cultivated diamonds, silicones, fluorine concepts and other sectors have fallen in the front. The net inflow of funds from the north was 3.913 billion yuan.
Price increases will also be difficult to boost liquor stock prices
The behavior of two major industry giants has raised prices and one has attracted market attention. It was learned from many sources that the price of the newly signed contracts signed by Wuliangye dealers next year has changed, and the unplanned price of the eighth generation of Wuliangye for 52 degrees has increased from 999 yuan / bottle to 1089 yuan / bottle, the planned price is 889 yuan / unchanged, and the contract volume inside and outside the plan is 3:2. According to calculations, the factory price of the eighth generation of Wuliangye has increased from 889 yuan to 969 yuan, an increase of nearly 9%. For more content, please poke "Factory price increased by 9%!" Wuliangye "Pu Wu" for the first time in three years to raise prices, dealers have confirmed, the official has not responded; liquor price increase tide is coming? These liquors have taken the lead in raising prices..."》
Although the market is unanimously optimistic about the price increase of Wuliangye, it believes that it will open the curtain of the overall price increase of the liquor industry. But judging from today's market performance, it is not satisfactory. After only a slight increase in Wuliangye, it gradually declined, and by the end of the afternoon, it barely rose by 0.99%.
The overall trend of liquor is even weaker than the trend of Wuliangye, the plate index in the high opening correction, the intraday even turned green, only Shuijingfang, Huangtai liquor and other slight rise, ying driving tribute wine, Yanghe shares, etc. have fallen, the leader Guizhou Moutai also opened high and low slightly drifted green.
The weakness of liquor stocks may be related to the continued withdrawal of funds. For example, Wuliangye, the high point of the north capital holdings has reduced more than half of the position, even yesterday, the north capital also sold a net of 558 million yuan of Wuliangye, reducing more than 2.54 million shares, which is the fourth consecutive trading day in the near future.
According to Wind data statistics, in the third quarter, the public fund reduced its holdings in Wuliangye by more than 50 million shares, the securities company reduced its own holdings by more than 10 million shares, and the insurance fund reduced its holdings by nearly 9 million shares. The operation of the main funds on Moutai in Guizhou is basically the same as that of Wuliangye.
The official offer of photovoltaic giant LONGi to adjust the monocrystalline silicon wafer has also attracted great attention from the market. LONGi will reduce the price of silicon wafers of various sizes by 0.41 yuan / piece - 0.67 yuan / piece, a decrease of 7.2% - 9.8%. Some investors believe that after the crazy expansion of silicon wafers, the silicon wafer price war officially began as a prelude. With the increase in silicon production next year, more and more silicon wafer factories will expand the scale of production, and LONGi will face greater challenges.
LONGi shares opened low in the morning, falling more than 3.6% as of the noon close, and the half-day transaction was close to 2 times that of yesterday's all-day transaction.
Northbound funds have also recently reduced their holdings in LONGi for 5 consecutive trading days. The price reduction of LONGi shares has also put pressure on its main competitor, Central Shares, and in the morning, Central shares also opened low and fell by more than 5%, and the stock price hit a new low in 4 and a half months.
Guojin Securities said that the official price of LONGi silicon wafers has been lowered, which as a whole is basically in line with expectations, and the actual transaction price of silicon wafers in the first two weeks has dropped significantly, and the official prices have been lagging behind. Considering that after this price adjustment, under the current silicon price of 26w-27w, the marginal production capacity of silicon wafers may be close to the breakeven point, it is expected that silicon companies will also "carry forward the style" in the near future in the silicon price adjustment. According to the price adjustment range of LONGi silicon wafers, the cost of the corresponding component end will drop by 7-8 cents /W, and it is expected that a large number of projects will enter the "installable" cost range, effectively stimulating the demand for rushing at the end of the year, the annual domestic/global installed capacity will reach 50-60/160GW of certainty improvement, and the marginal positive inverter and power station EPC business will be cashed in on the annual revenue/profit.
The concept of tobacco soared
The concept of tobacco is a no-brainer today, with sector indices soaring more than 5 percent unilaterally, another record high, the third consecutive day since the week. All the individual stocks in the sector are red, 20% of the zhongke information intraday limit, Shunhao shares, Minfeng special paper, Aipu shares, Xiangyi Rongtong, etc. have also pulled up the limit in a straight line.
At the end of November, the Tobacco Monopoly Law was officially revised, and new tobacco products such as electronic cigarettes will be implemented with reference to the relevant provisions on cigarettes in the regulations. This move gives the electronic cigarette a formal legal identity, clarifies that the main body of supervision is China Tobacco, the future will be the healthy development under orderly supervision, completely dispel the market's concerns about the "one-size-fits-all" atomization, and the industry will usher in a pattern reshuffle from products to channels to production ends, which is essentially beneficial to the increase in the share of the leader.
CITIC Securities pointed out that the "amendment" gives China Tobacco regulatory responsibilities, and the e-cigarette industry has entered an era of legal supervision with "laws to follow". After the "amendment" of the "regulations", the risk of "complete prohibition" of the atomized category was lifted, but the risk of "monopoly franchise" still exists. Atomization and HNB technology leaders hope to further open up the gap with competitors with technological iteration. Maintain the "stronger than the market" rating for the new tobacco industry.
Agricultural machinery concept stocks also rose sharply in the morning, Jifeng Technology, Hongyu shares rose and stopped, yituo shares, Zhenghe Industry, Zongshen Power, Dehong shares and so on have strong attacks. On the news side, the Ministry of Agriculture and Rural Affairs and the Ministry of Industry and Information Technology recently jointly held a meeting in Beijing to promote the work of making up for the shortcomings of agricultural machinery and equipment, stressing that it is necessary to focus on the whole industrial chain to strengthen the research and development, manufacturing and promotion and application of agricultural machinery and equipment, accelerate the completion of shortcomings, promote the transformation and upgrading of agricultural mechanization, and better support the comprehensive promotion of rural revitalization and accelerate the modernization of agriculture and rural areas.
In addition, from the end of November to the beginning of December, the price increase of cultural paper in large paper mills such as Bohui Paper, APP, Chenming Paper, and Sun Paper officially took effect. The papermaking sector also rose more than 4% today, Baiya shares, Yueyang Lin Paper and other ups and downs, and other stocks also fluttered red. Industrial Securities believes that from a fundamental point of view, cultural paper entered the bidding and production stage of teaching and auxiliary teaching materials in the spring of 2022, and the demand margin has improved, and at the same time, due to the basic exhaustion of the early profits, accompanied by the reduction of imported paper, the marginal improvement of demand, and the gradual alleviation of costs.