金属行业中期投资策略:供给收缩需求稳增 逆全球化下金属价值重估

国信证券
02 Jul

工业金属:表观需求高增长叠加供给端有序可控,价格重心不断抬升铜铝表观需求高增长,库存不断下降,价格重心不断抬升。上半年表观需求增速5%以上。电力、光伏、新能源汽车贡献增量需求;地产、出口需求下滑。由于地缘政治因素,叠加近年来全球范围内铜、铝供不应求,当前库存已跌至历史最低值,均有逼仓风险,价格维持高位且弹性很大。矿企利润不断增厚,估值便宜。美联储未来将进入降息周期,叠加铜、铝下游需求稳增,供给端...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10