CITIC Securities' report on November 12th said that macroscopically, t

Published: Nov 13, 2023 14:05

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CITIC Securities' report on November 12th said that macroscopically, the dense hawkish remarks from the Federal Reserve officials have diminished the market's expectation of a rate peak, and the issuance of domestic special bonds is expected to be converted into industrial consumption, partially offsetting the seasonal factors. In terms of industry, industrial consumption is differentiated, with copper and tin related to power and electronics consumption performing better, while aluminum related to real estate and photovoltaic is marginally slowing down; the supply side is still facing greater disruption. Consumer electronics and semiconductor shipments are improving, and tin, which is driven by both supply and demand and has a safety margin in price, is worth paying attention to due to the shutdown and reduction of supply from WoBond.

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