Yesterday, Lun Copper (LME Copper) hit a new high of US $9988 in intraday trading, closing down slightly by 0.Reelpennslammeriii4500.22%Reelpennslammeriii4500Lun aluminum (LME aluminum) fell slightly by 0Reelpennslammeriii4500.41%; international gold (COMEX gold) adjusted by a large margin, falling 3.01% to close at US $2346.4, losing its 5-day and 10-day moving average.
Affected by the international gold price adjustment, the non-ferrous metal plate also adjusted sharply, yesterday the non-ferrous leading ETF (159876) floor price closed down 2.75%. But in terms of funds, it shows that it is bought every time it falls.Reelpennslammeriii4500The situation, the Shanghai Stock Exchange data show that non-ferrous leading ETF (159876) yesterday absorbed 1.03 million yuan, funds have been five consecutive trading days of net inflow, a cumulative amount of 4.14 million yuan, the right side of funds or long-term optimistic about the follow-up performance of non-ferrous metals plate.
On the news side, last night, Tongmao Zijin Mining released its quarterly report, with operating income of 74.777 billion yuan, down 0.22% from the same period last year, and net profit of 6.261 billion yuan, up 15% from the same period last year.
Pioneer Securities previously evaluated Zijin Mining: ① volume and price rose together, profits kept growing; ② copper and gold output reached an all-time high; ③ multi-project orderly progress, mining leading growth is still expected.
According to the statistics of China Merchants Securities, in the industry allocation of active partial public offering funds in the first quarter, the non-ferrous metals industry accounted for 6%. Among the 31 emergency industries, it was the top five heavy position industries.
Market analysts said that at present, the non-ferrous metals sector is at a crossroads, and the possibility of a pullback of precious metal gold cannot be ruled out under the background of weakening the risk of geo-conflict in the Middle East and soaring gold prices. however, copper, aluminum and other raw materials non-ferrous metals may be in short supply in the market, under the background of domestic policies supporting large-scale equipment renewal and consumer goods trade-in. Or the price of copper, aluminum and other raw materials non-ferrous metals to form a certain support.
According to public data, according to the caliber of Shenwan's third-tier industry, copper, aluminum and gold are the top three major industries in the CSI non-ferrous metals index tracked by ETF (159876), accounting for 23.8%, 16.4% and 14.6% respectively, accounting for more than 50%. It is expected to benefit from the current gold rally, as well as from the recent commodity rally cycle.
Sources of data and charts: Wind, Shanghai and Shenzhen exchanges, Warburg Fund, etc.
Risk tip: non-ferrous leading ETF (159876) passively track the CSI non-ferrous metals index (930708.CSI), the index base date is 2013.12.31, the release date is 2015.7.13, the composition of index stocks is timely adjusted according to the rules of the index, and its historical performance does not predict the future performance of the index. In this article, the index stocks are only shown, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, suitable for balanced (C3) and above investors, the appropriate matching opinions should be based on the sales organization. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.
