News summary
[Huatai Securities: Fundamental support + frequent domestic stimulus policies in the short term, copper prices may easily rise but not fall] Securities Times e Company NewsrocketplaycasinonodepositbonusHuatai Securities Research News said that fundamentally, SMM statistics that some domestic copper smelters entered a centralized maintenance period from the second quarter to the third quarter, and the decline in electrolytic copper supply is expected to continue.rocketplaycasinonodepositbonus...
Newsletter text
[Huatai Securities: Fundamental support + domestic stimulus policies frequently occur in the short-term copper prices may easily rise but not fall] Securities Times e Company News, Huatai Securities Research News said that fundamentally, SMM statistics that some domestic copper smelters entered the second quarter to the third quarter. During the centralized maintenance period, the slowdown in electrolytic copper supply is expected to continue. The high prosperity of power grids and new energy sources is expected to remain unchanged, and policies such as "trade-in" may boost the prosperity of home appliances and automobiles. Huatai Securities believes that demand is expected to improve further in the second quarter; in the third quarter, we must be vigilant about the negative impact of the off-season on demand. In terms of policy, domestic stimulus policies are frequently introduced, which may continue to have a positive impact on copper prices in the short term. At the same time, according to Wind data, as of May 7, Comex copper's non-commercial net long position ratio was at 70% since 2000, indicating that the recent market sentiment has been optimistic but has not reached its peak.
