Market Overview - The Shanghai Composite Index decreased by 1.47% to 3,839.76 points, while the CSI 300 Index fell by 2.22% to 4,514.23 points as of October 17 [2] - The SW Nonferrous Metals Industry Index dropped by 3.07% to 7,322.8 points [2] Sub-industry Performance - Among the five sub-industries in the nonferrous metals sector, the changes were as follows: - Industrial metals: -3.60% - Precious metals: +3.19% - Minor metals: -3.84% - Energy metals: -5.24% - New metal materials: -3.05% [2] Key Metal Prices - Key metal prices on the Shanghai Futures Exchange (SHFE) as of the week included: - Copper: 84,390 CNY/ton (-2.92%) - Aluminum: 20,910 CNY/ton (-0.95%) - Zinc: 21,815 CNY/ton (-2.55%) - Lead: 17,075 CNY/ton (-0.29%) - Nickel: 121,160 CNY/ton (-1.89%) - Tin: 280,750 CNY/ton (-2.66%) [2] - London Metal Exchange (LME) prices for the same metals were: - Copper: 10,607 USD/ton (+0.85%) - Aluminum: 2,779 USD/ton (+1.11%) - Zinc: 2,943 USD/ton (-1.97%) - Lead: 1,972 USD/ton (-2.43%) - Nickel: 15,110 USD/ton (-1.11%) - Tin: 35,030 USD/ton (-3.16%) [2] Precious Metals - Gold and silver prices on the SHFE were: - Gold: 999.80 CNY/gram (+9.94%) - Silver: 12,249 CNY/kg (+9.24%) [2] - COMEX prices for gold and silver were: - Gold: 4,268 USD/ounce (+6.69%) - Silver: 50.63 USD/ounce (+7.15%) [2] Lithium and Cobalt Prices - Prices for lithium and cobalt products included: - Battery-grade lithium carbonate: 74,500 CNY/ton (+1.36%) - Industrial-grade lithium carbonate: 73,000 CNY/ton (+1.39%) - Battery-grade lithium hydroxide: 77,125 CNY/ton (+1.15%) - Australian lithium concentrate: 735 USD/ton (+1.38%) [2] - Cobalt prices were: - Domestic electrolytic cobalt: 381,500 CNY/ton (+9.47%) - Cobalt sulfate: 87,000 CNY/ton (+10.13%) [2] Investment Recommendations - The market is advised to focus on leading companies in the gold and silver sectors, including Zijin Mining International, Zhaojin Mining Industry, Shandong Gold, and others due to the rising prices of precious metals [3][4]
多重利好齐聚共振,金银价格加速上涨 | 投研报告
Zhong Guo Neng Yuan Wang·2025-10-21 01:51