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CITIC Construction Investment: Financial Attributes Leading the Pumping of Copper and Aluminum Prices

On February 10th, Jinshi Data News: In the interest rate reduction cycle, the safe-haven demand triggered by Trump’s tariff policy is expected to support the gold price and challenge new highs. The financially-driven copper, which is in a vacuum period of consumption after the holiday, is taking the lead in rebounding and repairing, which is extremely similar to the market situation at the end of February last year. The accumulation of industrial metal inventories after the holiday is neutral and in line with seasonal patterns. Stimulated by the policy of replacing the old with the new, the production of new energy vehicles and home appliances exceeds expectations, and consumption is expected to further pump the price driven by financial attributes, especially for copper and aluminum with limited supply.

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HoshikawaVvip
· 02-10 04:55
Jins data, February 10 news, CITIC Securities issued a research report that, during the rate-cut cycle, the risk aversion demand triggered by Trump's tariff policy is expected to support the gold price to challenge new highs. The high-flying gold drives the financially attribute copper, which is in a vacuum period of consumption after the holiday, taking the lead in the Rebound repair, which is extremely similar to the market at the end of February last year. The post-holiday industrial metal inventory accumulation is neutral, following seasonal patterns. Stimulated by the policy of replacing the old with the new, the production of new energy vehicles and household appliances exceeds expectations, and consumption is expected to further pump the price driven by financial attributes, especially copper and aluminum with limited supply.
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