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Metal resource stocks under pressure, MMG (01208) fell 7.06%. Institutions point to the difficult change in the pattern of oversupply in energy metals.
Metal resource stocks are under pressure. MMG (01208) fell by 7.06%, Aluminum Corporation of China (02600) fell by 6.11%, Chinahongqiao (01378) fell by 4.56%, Jiangxi Copper (00358) fell by 4.15%, Angang Steel (00347) fell by 2.44%. Minshen Securities said that on the production side, the off-season production decline exceeded seasonal factors, and coal and industrial metals prices showed resilience. The second quarter is the stage of production switching from peak season to off-season. The marginal decline in production is normal rhythm, but the decline is beyond the seasonal level. Weak real estate and infrastructure investment is an important solution.
Angang Steel Expects 1H Loss to Widen >0347.HK
Angang Steel Expects 1H Loss to Widen >0347.
Angang Steel Sees 1H Loss CNY2.70B Vs. Loss CNY1.33B Year Ago >0347.HK
Angang Steel Sees 1H Loss CNY2.70B Vs. Loss CNY1.33B Year Ago >0347.
Angang Steel: Angang Steel's performance forecast for the first half of 2024.
Angang Steel Co Predicts Profit Plunge
ANGANG STEEL: PROFIT WARNING
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