Copper industry demand recovery policy support

Plate close to trading Tuesday Shanghai and Shenzhen stock indexes both hit a new high since the rebound. Non-ferrous metal plate performance outstanding, shen million non-ferrous metal index rose to 4.83%, of which copper sub-industry is close to 9.6%.　　Analysts said downstream demand began to recover, the "Revitalization of the plan" focused on supporting the copper industry's strong performance of the fundamental support, and the recent one months of turbulence adjustment for the plate has accumulated strong rebound kinetic energy. Copper block trend is strongly affected by the external stock market rally, Tuesday Shanghai and Shenzhen stock index both opened up, followed by a strong shock. Shenwan 23-tier industry indices rose and fell less. Non-ferrous metal plate outstanding performance, to 4.83% of the rise in the first, leading the second financial Services index 3.46%. Subdivision, copper stocks trend more robust, copper sub-industry (shen million three) of the rise of up to 9.59%, approaching trading.　　In the constituent stocks, tongling nonferrous metals, Yunnan Copper, Jiangxi Copper, Jingcheng Copper karma closed, sea shares rose 6.73%,*st Zhang Copper rose 2.53%. Demand recovery policy supports the latest domestic and foreign manufacturing purchasing managers Index, the global manufacturing industry continues to rebound, non-ferrous metals downstream demand overall recovery. Citic Investment analyst Zhang Fang, Guo Xiaolu that the copper industry's downstream demand is the most optimistic. In the first 4 months of this year, the domestic real estate market rebound momentum, will lead to increased consumption demand for copper. In addition, domestic automotive, power cables, home appliances and other major copper consumption areas of production continued to rise in the chain.　　Analysts expect consumer electronics in the lower reaches of copper to remain upbeat. The need for warmer from the inventory can also be seen. April LME copper inventories fell 18.78%, Shanghai Hkfe Copper inventories fell 21.3%, and global inventories fell by 16.92%.　　LME copper inventories continued to fall last week, reaching 4.72% per cent.　　On the whole, analysts say the overall recovery is getting closer, although it is not yet possible to judge Copper's entry into the reverse channel. In addition, the State Council recently announced the adjustment and revitalization of the non-ferrous metal industry planning rules, days congenial analysts believe that with the national economy closely related to the aluminum, copper and other sub industries will receive more support.　　For example, the rules state that to speed up the elimination of backward production capacity, by 2011, the top ten domestic production of copper enterprises accounted for the proportion of national total production increased to 90%; Strict implementation of access standards and filing system, strict control of the new production capacity of copper, which is Jiangxi Copper, Yunnan Copper industry and other leading companies are undoubtedly significant positive. Adjustment full rebound kinetic energy sufficient April non-ferrous metal plate trend is weaker. Statistics show that the Shanghai Nonferrous Metals Index fell 1.53% in April, copper sub-industry fell 0.56%, while the Shanghai Composite Index rose 4.4%.　　Zhang Fang, Guo Xiaolu that April is the annual Report and quarterly bulletin concentrated disclosure period, although the two-quarter non-ferrous metal Enterprises operating conditions have been generally recognized by the market, but the weak performance of listed companies frequently, will inevitably affect the market and investor psychology.Since the end of April, LME non-ferrous metals prices have a wave of rebound, while the performance of non-ferrous metal plate is still calm, relatively plate adjustment has been relatively adequate. The superposition of technology and fundamentals will become the driving force for the non-ferrous metal plate to rise again. (newspaper reporter Xu) illustrated Graph