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供给刚性叠加需求改善支撑工业金属价格预期,矿业ETF(561330)涨超1.2%
Mei Ri Jing Ji Xin Wen·2025-06-06 02:55

Group 1 - The core viewpoint is that supply-side rigidity and stable overseas trade policies are expected to drive demand elasticity, leading to a positive outlook for industrial metal prices [1] Group 2 - In the copper sector, domestic copper inventory has shown a trend of accumulation since May, but overall remains stable; LME de-stocking momentum indicates resilient downstream demand [1] - The upstream copper smelting sector is experiencing deepening losses, with production suspension expectations rising, opening up mid-term upward space for copper prices [1] Group 3 - In the aluminum sector, the revocation of mining rights for bauxite companies in Guinea since May involves a capacity of approximately 40 million tons per year, causing disruptions in the raw material supply and pushing up alumina prices [1] - Domestic demand for electrolytic aluminum is expected to grow under policy support, combined with expectations of fiscal easing in Europe, which may lead to an upward shift in aluminum price levels in the second quarter [1] Group 4 - The mining ETF (code: 561330) tracks the non-ferrous mining index (code: 931892), which is compiled by China Securities Index Co., Ltd., reflecting the overall performance of major listed companies in the non-ferrous metal mining sector in the A-share market [1] - This index exhibits strong cyclicality and sensitivity to commodity prices, making it suitable for investors focusing on resource sectors to allocate and track [1] Group 5 - Investors without stock accounts can consider the Guotai CSI Non-Ferrous Metal Mining Theme ETF Initiated Link A (018167) and Guotai CSI Non-Ferrous Metal Mining Theme ETF Initiated Link C (018168) [1]