一月(yue)(yue)(yue)底、二月(yue)(yue)(yue)初(chu)(chu)以(yi)(yi)來,A股(gu)(gu)市(shi)場受美股(gu)(gu)大(da)幅(fu)下滑以(yi)(yi)及(ji)全球交(jiao)易情緒(xu)低迷(mi)影(ying)響,1月(yue)(yue)(yue)29日(ri)至(zhi)(zhi)2月(yue)(yue)(yue)9日(ri)間(jian),上(shang)證(zheng)指數(shu)從(cong)最(zui)高3587.03點一度跌至(zhi)(zhi)最(zui)低3062.74點,跌幅(fu)達14.62%,地產、非銀金(jin)(jin)融股(gu)(gu)重挫。隨后在創(chuang)業(ye)板(ban)(ban)帶動下,題材股(gu)(gu)不斷輪番啟動,市(shi)場出(chu)現小幅(fu)反(fan)彈(dan)。在此(ci)期間(jian),申萬有色金(jin)(jin)屬指數(shu)表現也差強人意。雖然(ran)較強于上(shang)證(zheng)指數(shu),但不少股(gu)(gu)票也出(chu)現深跌現象。銅(tong)(tong)業(ye)板(ban)(ban)塊方面,受到銅(tong)(tong)消(xiao)費淡(dan)季影(ying)響,年初(chu)(chu)至(zhi)(zhi)2月(yue)(yue)(yue)23日(ri),正收益的個股(gu)(gu)零(ling)星稀少。至(zhi)(zhi)二月(yue)(yue)(yue)初(chu)(chu)低點反(fan)彈(dan)以(yi)(yi)來,紫金(jin)(jin)礦業(ye)上(shang)漲10.53%,鵬(peng)欣資源(yuan)上(shang)漲10.70%,江西銅(tong)(tong)業(ye)上(shang)漲7.49%,云南銅(tong)(tong)業(ye)上(shang)漲7.52%。
庫存季節性累計料持續
節前(qian)(qian),上(shang)期所增(zeng)(zeng)加(jia)0.8萬(wan)(wan)噸至(zhi)17.3萬(wan)(wan)噸,保稅區(qu)增(zeng)(zeng)至(zhi)45.17萬(wan)(wan)噸,國內庫存(cun)季節性(xing)累庫,根據2010年至(zhi)2017年春(chun)節前(qian)(qian)后(hou)上(shang)期所SHFE銅庫存(cun)變(bian)化走(zou)勢圖顯示(shi)(shi),春(chun)節前(qian)(qian)后(hou)兩周(zhou)(zhou)(zhou)以(yi)及春(chun)節當(dang)周(zhou)(zhou)(zhou)共5周(zhou)(zhou)(zhou)合計(ji)連續七(qi)年出現(xian)增(zeng)(zeng)加(jia)的(de)(de)跡象(xiang),庫存(cun)的(de)(de)季節性(xing)累計(ji)也使得市(shi)場對于(yu)需求端以(yi)及生產加(jia)工的(de)(de)恢復預(yu)期越(yue)來(lai)越(yue)高。其中,國家統(tong)計(ji)局周(zhou)(zhou)(zhou)一公布的(de)(de)數據顯示(shi)(shi),中國2017年12月(yue)精煉銅產量同比增(zeng)(zeng)長16.7%至(zhi)86.5萬(wan)(wan)噸,為統(tong)計(ji)局2015年2月(yue)有追溯紀錄以(yi)來(lai)的(de)(de)最高位。