In addition, non-ferrous steel funds can also pay attention to: 165520 Xincheng 800 non-ferrous index grading; 16022 1 cathay Pacific nonferrous metals classification; 1653 16 Jianxin nonferrous metal classification; 502023 Penghua steel classification; 168203 reference classification of Zhongrong iron and steel industry, etc.
The recent risk aversion has pushed the international gold price up sharply. The CFD price of gold in new york approached the integer mark of $2,000 in August, breaking the previous high of 1.923.20, reaching a record high, with an increase of 30% this year. Driven by the rapid rise in gold prices, the A-share non-ferrous metal plate also ushered in a wave of rapid rise. Since July, the highest increase of Shenwan Grade I nonferrous metals industry has exceeded 20%. Let's talk about the rising logic of non-ferrous plates since July. Speaking of the performance of this sector in the first half of the year, it is estimated that many investors shook their heads at the end of June, which is simply a "weak chicken". Shen Wanyi's non-ferrous metals fell by -3.84% in the first half of the year. Moreover, judging from the percentage of P/E ratio at that time, it was also at a historical low. Therefore, since July, the non-ferrous metal plate itself has a demand for compensatory growth (valuation repair), and the sharp rise in the price of gold for brother varieties has just played a boosting role. (The above quotation is from July 2020, for reference only)