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"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Hong Kong stock concept tracking | Mining end inventory at a low level, molybdenum prices are expected to start a new round of upward cycle (with concept stocks)
In the context of the expanding gap between supply and demand for molybdenum, the central price of molybdenum is expected to continue to rise.
Guolian Securities: The supply-demand gap is widening, the molybdenum price is moving up, and a new round of upward cycle is expected to begin.
Looking at Q3 2024, "Golden September and Silver October" is a traditional peak season for the industry's demand, combined with low mine-side inventory, which will give molybdenum prices greater upward elasticity, and molybdenum prices are expected to start a new round of upward cycle.
Hong Kong stock market anomaly | CMOC Group Limited (03993) fell more than 6%, leading the decline in non-ferrous stocks. Economic recession worries resurface, global risk preference decreases significantly.
Non-ferrous stocks are generally down. As of publication, CMOC Group Limited (03993) fell 6.02% to HKD 5.46, Zijin Mining Group (02899) fell 4.6% to HKD 13.68, Aluminum Corporation of China (02600) fell 4.53% to HKD 4.43.
Does CMOC Group (HKG:3993) Have A Healthy Balance Sheet?
Hong Kong stocks unusual movement | Chinfmining (01258) fell more than 4%, leading the decline in copper stocks. Goldman Sachs will lower next year's copper price forecast by nearly 5000 US dollars.
Copper stocks continue to decline. As of the time of publication, Chinfmining (01258) fell by 4.06% to HKD 4.73; Chinagoldintl (02099) fell by 2.42% to HKD 30.2; cmoc group limited (03993) fell by 2.23% to HKD 5.69; mmg (01208) fell by 1.94% to HKD 2.02.
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