New materials industry: continue to focus on risk prevention and wait and see

[New material industry research report summary] Last week, the Shanghai Composite Index fell 3.69%; the small and medium board index fell 5.87%; the Growth Enterprise Index fell 8.05%. During the period, the new material selection index we compiled fell by 9.37%, underperforming the Shanghai Composite Index by 5.68 percentage points, underperforming the small and medium-sized board by 3.50 percentage points and underperforming the GEM by 1.33 percentage points. Last week, although we recommended focusing on the risk of continuous adjustment of the new materials sector, the decline in the general trend and the entire sector exceeded our expectations. This week, we should focus on risk prevention and wait-and-see. Battery material segment: Last week, battery-grade lithium carbonate prices remained stable. However, due to the support of rising raw material prices, its prices have increased. The price of lithium cobalt oxide is still low, indicating that demand has not yet improved significantly. The flatness of demand or the price increase of lithium carbonate is inhibited. As the relevant stocks in the battery sector have been adjusted significantly last week, this week there is the possibility of stabilization. It is recommended to pay attention to Tianqi Lithium Industry, Jiangsu Guotai and Yiwei Lithium Energy. Photovoltaic materials sector: Last week, the decline of photovoltaic materials was as high as 13.98%, which is the biggest decline in the whole new material sector. The weakness of the photovoltaic industry is evident. In the early stage, we have been bearish on the photovoltaic sector. Although the sector has fallen faster and more in the short term, we still believe that in the context of a serious overcapacity in the industry, the industry's overall reversal opportunities still have to wait. Nuclear power material sector: Last week, the nuclear power sector was also adjusted with the broader market. In the short term, it is still necessary to pay attention to the risk of continuous adjustment of the sector. As China's nuclear power approval will be restarted this year, the industry's prosperity will be confirmed. We still recommend to continue to pay attention to the trading opportunities brought about by the favorable policies. We can focus on Fangda Carbon, Jiuli Special Materials, Wall Nuclear Materials, and Oriental Zirconium. Magnetic material sector: Last week, the price of rare earth magnetic materials was stable, and the price of raw materials and base metals showed signs of rising. This week, we should continue to focus on the price trend of base metals. Although the adjustment of the magnetic material sector was relatively large last week, due to the integration of the rare earth industry in the early stage, the cumulative increase of the rare earth magnetic material sector is relatively large, so it is recommended to be cautious on the sector in the short term. Super hard refractory material plate: The price of diamond single crystal last week was basically stable. The industry lacks incentives. Due to the large increase in related stocks in the previous period, the sector has been adjusted sharply with the broader market. The short-term sector does not rule out the possibility of a rebound after a major adjustment, but it is still recommended to remain cautious on the sector.

Wall Cabinet

Type

Wall Cabinet,Kitchen Wall Cabinets,Wall Mounted Cabinet,Upper Cabinets, Kitchen Wall Cupboard


Description


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FEATURES & BENEFITS


Durable white high gloss finish to all sides

Designed for easy installation

Fully assembled (no assembly required)

Soft closing drawers and doors

Stylish chrome handles


Features


Fully assembled – No assembly required

Save time and Installation Costs

Designed for easy installation

FSC approved, eco-friendly E1 quality board

Durable white high gloss finish on all sides

Constructed from a high moisture resistant 16mm board

Painted with a polyurethane 2-pack High gloss finish

Bright white interior

Soft closing drawers and doors

Quick release hinges to all doors and full extension drawer runners to all drawers

Stylish chrome handles

Solid 16mm backing board and drawer bases

Top-quality premium cabinet

Wall Cabinet,Kitchen Wall Cabinets,Wall Mounted Cabinet,Upper Cabinets, Kitchen Wall Cupboard

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