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有色金属行业周报：国内政策持续发力，金属价格全面上涨
Tai Ping Yang·2024-09-30 13:30

Investment Rating - The report maintains a positive outlook on the non-ferrous metals industry, indicating a "Look Favorably" investment rating [1]. Core Insights - Domestic policies are continuously driving metal prices upward, with significant increases observed across various metal categories [1][3]. - The SW non-ferrous metals industry index rose by 12.91% during the week, outperforming the Shanghai Composite Index and the CSI 300 Index [9][10]. - The report highlights a recovery in demand as the consumption peak season approaches, contributing to the overall price increases in basic metals [18]. Summary by Sections Non-Ferrous Metals Market Review - The SW non-ferrous metals industry index reported a weekly increase of 12.91%, closing at 4425 points, while the CSI 300 Index rose by 15.70% [9][10]. - Among the sub-sectors, energy metals, new metal materials, small metals, industrial metals, and precious metals saw weekly increases of +22%, +13%, +13%, +12%, and +8% respectively [9][10]. Basic Metals - Copper prices increased by 5.14% to $9,974 per ton, with domestic copper spot prices rising by 3.81% to ¥78,857 per ton [16][18]. - Aluminum prices rose by 5.91% to $2,633 per ton, with domestic aluminum spot prices increasing by 2.44% to ¥20,327 per ton [21]. - Zinc prices increased by 7.25% to $3,075 per ton, with domestic zinc spot prices rising by 3.37% to ¥25,102 per ton [24]. Precious Metals - Gold prices reached $2,920 per ounce, reflecting a weekly increase of 1.52%, while domestic gold spot prices rose by 2.87% to ¥598 per gram [40]. - Silver prices increased by 2.88% to $35.22 per ounce, with domestic silver spot prices rising by 6.26% to ¥7,794 per kilogram [40]. Energy Metals - Battery-grade lithium carbonate prices rose by 1.89% to ¥75,600 per ton, while battery-grade lithium hydroxide prices decreased by 0.91% to ¥68,702 per ton [43]. - The report indicates that the energy metals sector is currently experiencing weak price fluctuations, with the industry at a cyclical low [3][43].