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不要低估这轮大宗商品的牛市
Xin Lang Cai Jing· 2026-01-26 03:31
炒股就看金麒麟分析师研报,权威,专业,及时,全面,助您挖掘潜力主题机会! 来源:二鸟说 别只盯着科技 2026开年以来,A股春季攻势全面展开,一举站上4100点。在这波行情中,以AI为主导的科技股无疑是 造富神话主战场,而顺着科技产业升级与全球经济复苏的主线,大宗商品自去年以来的赚钱效应也同样 亮眼,值得深入研究。 图表1:2025年以来,几类代表性资产涨跌情况 不过,大宗商品内部的行情节奏并不完全一致,如果对细分品种没有独到的认知和理解,很难真正捕捉 到大宗商品行情。 一、 2025年以来大宗商品的轮动节奏 回顾2025年的行情表现,大宗商品呈现出明显的分化格局,金、银、铜价频创历史新高,钢铁、化工处 于底部起涨阶段,原油、煤炭等则仍在低位徘徊。 图表2:大宗商品主要类型 | 大宗商品分类 | | | --- | --- | | 有色金属 | 贵金属 | | 工业金属 | | | 能源商品 | 原油 | | | 煤炭 | | 农产品 | 大豆、 玉米、小麦等 | | | 生猪 | | 化工 | 橡胶、塑料等 | 1、贵金属呈现出明显的领跑特征。以黄金为例,这轮黄金的涨幅是远超很多人的预期的。过去二十 年,市 ...
持续改善市场供求
Jing Ji Ri Bao· 2025-11-11 22:11
Core Insights - In October, the National Bureau of Statistics reported a 0.2% year-on-year increase in the Consumer Price Index (CPI), driven by policies aimed at expanding domestic demand and the impact of the National Day and Mid-Autumn Festival holidays [1] - The core CPI, excluding food and energy prices, has seen its year-on-year growth rate expand for the sixth consecutive month [1] - The Producer Price Index (PPI) shifted from flat in the previous month to a 0.1% increase, marking the first rise of the year, attributed to the effects of "anti-involution" policies that have improved supply and demand in certain industries [1] Economic Policies - The ongoing improvement in market supply and demand requires further release of the potential of "anti-involution" policies, which aim to optimize market competition and support reasonable price increases for related industrial products [1] - There is a need to enhance consumption policies to boost income and reduce burdens for low- to middle-income groups, thereby increasing their consumption capacity, willingness, and levels [1]
政府数据显示,阿曼6月CPI同比上涨0.82%;数环比上涨0.29%。
news flash· 2025-07-20 10:00
Group 1 - The core point of the article indicates that Oman’s Consumer Price Index (CPI) increased by 0.82% year-on-year in June, reflecting inflationary pressures in the economy [1] - The month-on-month CPI change for June was reported at an increase of 0.29%, suggesting a slight upward trend in prices [1]
意大利5月CPI同比上涨2.8%。
news flash· 2025-06-27 10:04
Core Insights - Italy's Consumer Price Index (CPI) increased by 2.8% year-on-year in May [1] Group 1: Economic Indicators - The year-on-year CPI growth of 2.8% indicates inflationary pressures in the Italian economy [1]
日本5月份不含生鲜食品的CPI连续第三个月上涨,较上年同期上涨3.7%,为2023年1月以来的最快增速。
news flash· 2025-06-19 23:51
Group 1 - The core point of the article is that Japan's CPI excluding fresh food rose for the third consecutive month in May, increasing by 3.7% year-on-year, marking the fastest growth since January 2023 [1] Group 2 - The CPI increase indicates a potential shift in consumer price trends, which may impact various sectors including retail and consumer goods [1] - The 3.7% rise is significant as it reflects broader inflationary pressures within the Japanese economy, which could influence monetary policy decisions [1] - This trend may also affect investor sentiment and market dynamics, particularly in sectors sensitive to inflation [1]