Wu Taiwei, senior investment consultant of Orient Hi-Tech, said in an interview with Securities Daily: "Since the beginning of this month, copper futures prices have increased by nearly 6%. Analysts said that they are optimistic about the future of the A-share copper industry.
Recently, non-ferrous copper futures and spot prices have ushered in a continuous rise. According to public data, as of the close of165438+1October 8, the main contract of Shanghai Copper was 65780 yuan/ton, with a slight increase of 0.3% on that day, from165438+1October 65438+/kloc-0.
Wu Taiwei, senior investment consultant of Orient Hi-Tech, said in an interview with Securities Daily that from a macro perspective, the recent surge in copper prices is closely related to the weakening of the US dollar index.
Wu Taiwei said that in recent years, the price of natural gas in Europe has fallen sharply, which has eased the pressure on the manufacturing industry in the euro zone to some extent. At the same time, the initial PMI of the United States in June fell below 50 at 5438+ 10, and the fundamental difference between the United States and Europe is narrowing. There are signs of recession in the US economy, which restricts the Fed from raising interest rates. This month, the US dollar index fluctuated weakly, which eased the pressure on copper futures prices from the macro level. Recently, copper prices continued to pick up.
According to the data of Eastern Fortune Choice, as of the close of1October 8 165438+, the A-share copper plate index reported 454.38 points, with a slight increase of 0.09% at the close of the day and a cumulative increase of 10.88% since the beginning of1October. Among the constituent stocks, Northern Copper (up 28.2%) and Electrical Alloy (up 12.94%) were among the top gainers. All the sector indexes closed in six trading days, with a total net inflow of165438+56 million yuan.
Xu Shengxiong, the operation manager of Paipai. Com wealth public offering products, in an interview, said that the supply side of non-ferrous metal copper is still tight due to the influence of copper mines and the recycling capacity of the supply side. At present, the inventory of copper products is at a historical low level, and the demand side is supported by the rapid development of domestic economy and new energy industry, which supports the demand for copper. Copper prices are expected to remain strong. In terms of specific investment targets, leading enterprises with mines in their hands will directly benefit from this round of copper price increase; On the other hand, the leading copper foil enterprises closely related to the new energy industry are also worthy of attention.
Wu Taiwei said that the performance of copper prices from weak to strong can often achieve better returns, and will enter a new round of rising cycle driven by the gradual economic expansion. Therefore, we are optimistic about the future trend of copper prices and copper plates under the global economic recovery cycle. After the future economic recovery is fully established, the copper plate is expected to be double-clicked by Davis, optimistic about the head enterprises with outstanding profitability, obvious scale effect, large smelting capacity and reasonable valuation.