[hot stocks] the non-ferrous plate strengthened in the morning and fell back to the daily limit of Nanshan Aluminum and Luoyang Molybdenum Industry in the afternoon.

Today's index fluctuated horizontally throughout the day, on the disk, the military theme continued to weaken, the lithium plate was divided, and liquor stocks continued to be strong. Near the end of the day, the three major indexes turned green collectively. The military industry theme continues to weaken, the lithium electricity plate appears differentiation, and the semiconductor plate continues to weaken. Among them, non-ferrous metal concept stocks strengthened in the morning, Luoyang Molybdenum Industry and Nanshan Aluminum Industry both approached the daily limit, Huayu Mining, Industrial Mining, Changaluminum shares, Shengtun Mining, Tianqi Lithium Industry, etc., rose one after another, and the non-ferrous plate gradually fell back in the afternoon. Gains narrowed and turned green slightly. In terms of individual stocks, Nanshan Aluminum and Luoyang Molybdenum rose by the daily limit, and Changaluminum shares narrowed to 3.5%.

In terms of prices, today's non-ferrous metal futures prices are mixed. By the end of the day, Shanghai lead and nickel rose more than 1%, Shanghai copper rose nearly 0.9%, and Shanghai aluminum fell 2.3%. On the news, US President Donald Trump signed a stimulus package to support the world's largest economy, boosting sentiment in some metals markets. It is reported that Trump has signed into law the $2.3 trillion novel coronavirus rescue and spending bill, avoiding a partial shutdown of the federal government.

Soochow Securities believes that the main tone of loose monetary policy caused by the epidemic remains unchanged, focusing on opportunities after a pullback in precious metals. Us fiscal stimulus raises inflation expectations, geopolitical risks persist and the turmoil in the Middle East highlights the value of precious metals allocation. The domestic macro-economy continues to recover and is optimistic about industrial metals. Long-term optimistic about the new energy sector. The production and sales of new energy vehicles continue to strengthen, driving the demand for upstream materials for lithium electricity. The price of lithium copper foil has increased by nearly 10% in the past month, and the demand for lithium and cobalt is growing at a high speed. As the supply side shrinks, inventory continues to be eliminated. Downstream 5G, military industry and other counter-cyclical areas gradually force, upstream materials ushered in the outbreak of demand and performance.