銀河證券:有色金屬價格有望在三季度末展開反彈
銀河證券指出,在宏觀經濟下行壓力逐漸增大,貿易不斷反覆的情況下,9月初的國常會提出採用更為積極的貨幣政策與財政政策,進行逆週期調節。在逆週期政策的發力下,基建等有色金屬下游的消費需求將會企穩,疊加市場風險偏好的上升,有色金屬價格有望在三季度末展開反彈,提升有色金屬企業的業績預期。建議投資者關注進入旺季後需求好轉,庫存加速下降支撐鋁價的電解鋁板塊,而鋁產業鏈內部供需結構的轉變也將引導產業鏈利潤向電解鋁環節轉移,推薦雲鋁股份、神火股份。
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