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國泰君安:拋儲對基本面影響有限 維持鋁股增持評級

國家物資儲備調節中心近期開始投放2021年第一批銅、鋁、鋅國家儲備,分別2萬噸、5萬噸、3萬噸。國泰君安認為,電解鋁拋儲落地,預計總量約50萬噸,第一期拋5萬噸,認為拋儲量和拋儲節奏對基本面影響較為有限。

該行指,近期鋁價回調主要是宏觀情緒所累,鋁供需基本面仍較為健康,往後看產能天花板坐實,消費增長良好,鋁行業迎來實質性拐點。鋁仍有望走出獨立行情。維持電解鋁板塊增持評級,推薦雲鋁股份、神火股份、天山鋁業、南山鋁業、中國宏橋、明泰鋁業等。

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