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有色金屬ETF(512400)連續上升,中信建投指出:供給受限的資源品有望走牛
有色概念股持續活躍,截至9:55,華友鈷業升停,西藏礦業、盛屯礦業、西藏珠峯、贛鋒鋰業升超6%。有色金屬ETF(512400)今日升幅達2.39%,近3個交易日升超7.7%,2月6日底部以來升超34%,成為市場表現最好的ETF之一。中信建投證券研究報吿指出,美聯儲加息週期終結,降息週期即將開啟,美元的弱勢預期激發有色金屬“金融屬性”。國內外需求修復,推動有色商品消費增長,全球性綠色能源革命持續進行,國內新質生產力蓄勢待發,有望開啟部分商品需求新一輪週期。供應端,資源保護主義盛行、資本開支不足、供應存在瓶頸等剛性約束,以銅鋁為代表的供給受限資源品或迎來牛市,小金屬表現尤為亮眼,其資源稀缺性更強、供給剛性更為突出、與新質生產力發展更為密切,市場對小金屬認識或存一定預期差,相關商品的價格中樞及資本市場權益標的的估值中樞有望實現共振上移,走出牛市行情。
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