能源金属价格齐飞,看好股票后续补涨 | 投研报告
Zhong Guo Neng Yuan Wang·2025-12-29 04:05

Group 1: Copper Market Overview - LME copper price increased by 2.21% to $12,133.0 per ton, while Shanghai copper rose by 5.95% to ¥98,700 per ton [1] - Import copper concentrate processing fee index dropped to -$44.9 per ton, with national copper inventory increasing by 14.96% week-on-week [1] - Domestic copper cable enterprises' operating rate declined, leading to reduced production and weak purchasing sentiment due to high copper prices [1] Group 2: Aluminum Market Overview - LME aluminum price rose by 0.03% to $2,956.50 per ton, and Shanghai aluminum increased by 0.99% to ¥22,400 per ton [2] - Domestic electrolytic aluminum ingot inventory reached 617,000 tons, with a week-on-week increase of 17,000 tons [2] - Downstream aluminum processing enterprises' operating rate decreased by 0.6 percentage points to 60.8%, indicating a further deepening of the off-season [2] Group 3: Gold Market Overview - COMEX gold price increased by 3.24% to $4,505.4 per ounce, influenced by geopolitical risks [3] - SPDR gold holdings rose by 15.73 tons to 1,068.27 tons, reflecting increased market interest [3] - Geopolitical events, including airstrikes in Yemen and diplomatic engagements involving Ukraine, contributed to market volatility [3] Group 4: Rare Earth Market Overview - Praseodymium-neodymium oxide price increased by 3.33%, with November rare earth permanent magnet exports reaching historical highs [4] - Expectations for more relaxed export conditions may lead to improved demand in the future [4] - Supply constraints from overseas mines and ongoing supply-side reforms are anticipated to create a favorable supply-demand balance [4] Group 5: Other Metals Overview - Antimony price decreased by 1.85% due to profit-taking, but long-term outlook remains positive due to resource scarcity [4] - Tin price fell by 1.07%, with supply disruptions in key overseas tin mining regions [4] - Lithium carbonate price increased by 6.94% to ¥103,400 per ton, with production rising to 22,200 tons [4] Group 6: Cobalt and Nickel Market Overview - Cobalt price increased by 3.5% to ¥428,000 per ton, while nickel price rose by 7.0% to $15,700 per ton [5] - LME nickel inventory increased by 1,700 tons to 255,700 tons, while port nickel ore inventory decreased by 627,000 tons [5]