MBJIANC@EC2605A

Citi Raises Jiangxi Copper's Target Price to HKD54.1

Jiangxi Copper Signs Three-Year Mutual Supply Agreement with JCC International Trade

Jiangxi Copper's Subsidiary Renewed Mutual Guarantee Agreement

Jiangxi Copper Plans to Issue Debt Financing Instruments Worth 2.5 Billion Yuan

Jiangxi Copper Signs Cooperation Framework Agreement with China Ordnance Industry Material Group

Jiangxi Copper's subsidiary signs investment option agreement with First Quantum

Jiangtong Fengkan to Invest $6.5 Million in Lakeside for 14.9% Equity and Related Debts

JPMorgan Upgrades Jiangxi Copper's A-Share Rating to Neutral

Jiangxi Copper Signs Financing Lease Cooperation Framework Agreement with Shenzhen Jiang Copper Financial Leasing

Jiangxi Copper Hong Kong Investment to Make All-Cash Acquisition of SolGold

Jiangxi Copper Acquires Approximately 5.24% of SolGold PLC Shares

Jiangxi Copper Plans to Acquire SolGold with a Deal Value Up to 867 Million Pounds

SolGold to be acquired by Jiangxi Copper

Morgan Stanley Maintains Buy Rating for Jiangxi Copper

Citi Raises Jiangxi Copper's Target Price by Over 40%

Jiangxi Copper Raises Offer for SolGold to $1.13 Billion

Jiangxi Copper Raises Offer Price Per Share for SolGold

Jiangxi Copper's Third Offer to Acquire SolGold

Jiangxi Copper Offers 28 Pence Per Share for SolGold

JPMorgan Analyst Maintains Sell Rating on Jiangxi Copper

STARCOIN GROUP

ALLEGRO CULTURE

WALNUT CAP

MANY IDEA CLOUD

XINHUA LANDE

CENTURY GINWA

HING LEE (HK)

HEALTHYWAY INC

GUANZE MEDICAL

PPS INT'L

159881

BYDDY

600585

159880

03750

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512400

00358

600362

The National Bureau of Statistics report shows that in January, the PPI rose by 0.4% month-on-month, marking an increase for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month. Key features include: the construction of a unified national market driving price increases in certain industries, increased demand leading to price rises in related industries, and input factors affecting the divergence in price trends. Specifically, the prices of cement and lithium-ion battery manufacturing both increased by 0.1%, photovoltaic equipment prices rose by 1.9%, and computer communication equipment prices increased by 0.5%. The rise in international non-ferrous metal prices has driven up prices in related domestic industries

Wallstreetcn

Guotai CSI Non-ferrous Metal ETF

BYD Company

CONCH CEMENT

BYD COMPANY

CATL

Penghua Guozheng Non-ferrous Metal Industry ETF

Jinkosolar

BYD Company Limited

Guotai CSI All Share building Materials ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

CNBM

ZIJIN MINING

CHALCO

Jinko Solar

Zijin Mining

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

E Fund CSI All Share Building Materials ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Tongwei Co.,Ltd

JIANGXI COPPER

Fullgoal CSI All Share Building Materials ETF

CSCEC

JCCL

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

09987

03288

00992

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02359

00100

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YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

Top Gainers & Losers

YUM CHINA

HAITIAN FLAV

LENOVO GROUP

HORIZONROBOT-W

WUXI APPTEC

MINIMAX-WP

GANFENGLITHIUM

CMOC

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

01258

Shanghai copper climbs on China's plan to expand strategic reserves

marketscreener

CHINFMINING

TNMG

JINCHUAN INTL

JINXUN RESOURCE

GTJA Allianz SSE Bulk Commodity ETF

Shanghai copper climbs on China's plan to expand strategic reserves

Feb 3 (Reuters) - China will expand its copper strategic reserve, an official from the state-backed China Nonferrous Metals Industry Association said on Tuesday.The remarks were made by Duan Shaofu, the deputy secretary-general of the association, at a press conference, according to Shanghai Securities News. China will also explore building a commercial stockpiling system, with state-owned companies leading the commercial trial.China will also study including copper concentrates in its strategic reserves.

Reuters

China to expand its copper strategic reserve, industry association says

CPER

TECK

COPX

SCCO

COPJ

Copper prices have dropped nearly 9% recently, reflecting weak demand and rising stockpiles, according to analysts. The surge to record highs was deemed unsustainable, with prices needing to fall below $11,000 per ton to align with fundamentals. Factors such as U.S. tariffs, trade wars, and the upcoming Lunar New Year holiday in China are contributing to the decline. Despite expectations of a deeper market deficit, analysts believe the market is not historically out of balance, and current prices do not support copper's value.

United States Copper Index

Freeport Mcmoran

Teck Resources B

Global X Copper Miners

iShares Copper and Metals Mining ETF

Rio Tinto

ERO Copper

Southern Copper

Sprott Copper Miners ETF

Sprott Junior Copper Miners ETF

Copper's slide from record reflects reality of weak demand, rising stocks, analysts say

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MINIMAX-WP(00100) rose 10.68%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 217.3%. SANDS CHINA LTD(01928) rose 4.05%, with a trading turnover 775.9 Million HKD, and a year-to-date fell 9.6%. SD GOLD(01787) fell 12.56%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 11.8%. HUA HONG SEMI(01347) fell 11.24%, with a trading turnover 4.9 Billion HKD, and a year-to-date rose 39.2%.

SANDS CHINA LTD

FAST RETAIL-DRS

SD GOLD

HUA HONG SEMI

GIGADEVICE

ZHAOJIN MINING

Top 5 HK Stock Gainers/Losers (>100B) (2.2)

JIANGXI COPPER fell 11.17%; China Nonferrous Mining fell 9.55%, with a transaction amount of HKD 342 million; China Daye Nonferrous Metals fell 15.79%, with a transaction amount of HKD 33.01 million; Jinxun Resources fell 7.07%, with a transaction amount of HKD 19.7 million; China Metal Resources fell 12.90%, with a market value of HKD 242 million

HK Stock Movers Tracker

Hong Kong stock movement: JIANGXI COPPER fell 11.17%, AI stocks plummeted triggering capital withdrawal, copper prices under pressure!

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CATL(03750) rose 2.85%, with a trading turnover 2.2 Billion HKD, and a year-to-date fell 2.9%. CHINA SOUTH AIR(01055) rose 2.83%, with a trading turnover 95.8 Million HKD, and a year-to-date rose 0%. SD GOLD(01787) fell 14.31%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 27.9%. GANFENGLITHIUM(01772) fell 10.9%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 16.5%.

CHINA SOUTH AIR

CHINA EAST AIR

CHINA RES MIXC

WEICHAI POWER

ZIJIN GOLD INTL

CSPC PHARMA

Top 5 HK Stock Gainers/Losers (>100B) (1.30)

JIANGXI COPPER fell 10.53%; China Nonferrous Mining fell 11.35%, with a transaction amount of HKD 443 million; China Daye Nonferrous Metals fell 6.44%, with a transaction amount of HKD 18.96 million; China Metal Resources had a transaction amount of HKD 19.8 million; Jinchuan International's market value reached HKD 8.405 billion

Hong Kong stock movement: JIANGXI COPPER falls over 10%: AI stocks plummet dragging down copper prices, market sentiment cautious

Gold prices fluctuated nearly 10% overnight, and copper prices fell 6% after reaching historical highs, leading to a setback for metal stocks. Jiangxi Copper's stock price plummeted nearly 10%, and investors may pay attention to Jiangxi Copper's call options. Zijin's stock price dropped nearly 9% this morning due to its acquisition of a Canadian mining project for CAD 5.5 billion, and investors may focus on Zijin's call options. Gold prices have risen nearly 20% since early 2026, and investors who are bearish may consider Zijin's put options

𣾀豐輪證點評

[Metals] Gold prices fluctuated nearly 10% overnight, and metal stock prices were hit this morning. For rebounds, pay attention to Zijin Purchase 21895/Zijin Gold Purchase 24669/Jiangxi Copper Purchase 24214

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In the past hour, the Hong Kong stock market has shown a clear divergence, with significant fluctuations in stocks mainly concentrated in the cultural, financial, and resource sectors. The strong rise of ALLEGRO CULTURE has attracted considerable capital inflow, significantly boosting short-term enthusiasm and driving PAK TAK INT'L and ZIJING INTL FIN to follow suit. Meanwhile, lithium battery and gold-related stocks have faced substantial selling pressure, with GANFENGLITHIUM and CSPC PHARMA experiencing noticeable declines, reflecting cautious market sentiment and a shift in capital preferences. 

The stock with the largest movement in the past hour, ALLEGRO CULTURE, surged 22.81% in a short period, indicating strong market demand, rapid capital inflow, and heightened short-term sentiment, suggesting potential for further expansion. The strong performance of this stock has also activated related cultural sectors, attracting more investor attention. 

Strong stocks:
1. PAK TAK INT'L: Up 17.31%, rapidly attracting short-term capital inflow driven by ALLEGRO CULTURE, demonstrating a strong follow-up effect.
2. ZIJING INTL FIN: Up 17.28%, influenced by market sentiment, with noticeable capital inflow and increased activity in the short term.
3. GANFENGLITHIUM: Despite facing downward pressure, there are still attempts to bottom-fish in the short term, with significant volatility.
4. CSPC PHARMA: Down 11.41%, with weakened market sentiment and noticeable capital outflow, leading to a decline in short-term enthusiasm.
5. CHIFENG GOLD: Down 10.77%, significantly pressured against the backdrop of gold price fluctuations, lacking support in the short term

PAK TAK INT'L

ZIJING INTL FIN

CHIFENG GOLD

E&P GLOBAL

TIANQI LITHIUM

UNISOUND

Hong Kong stock movement quick report: ALLEGRO CULTURE surged 22.81%, PAK TAK INT'L and ZIJING INTL FIN followed closely, CSPC PHARMA fell over 11%

Jiangxi Copper has recently performed well, rising in tandem with international copper prices and continuously attracting attention from market funds. During the trading session, the stock price once approached a new high for the period, with the bull market effect in international commodities being significant, and expectations for infrastructure in Europe and the United States driving industry valuation recovery. It is noteworthy that the company has not made any new major announcements, but the influx of funds is evident, indicating strong trend trading behavior within the sector. On the trading front, short-term bulls are actively entering the market, and trading volume is rapidly increasing. Key indicators during this period remain in a bullish arrangement, and the trading atmosphere is relatively positive. Nevertheless, signs of overheating are gradually accumulating, and by the close, related technical overbought indicators have reached high levels, leading many traders to become cautious, with some funds choosing to take profits after the price increase, resulting in greater divergence towards the end of the session and increased market volatility. The mainstream view in the market suggests that the copper sector's future fluctuations may be more influenced by overseas macroeconomic conditions and changes in copper prices. If there is a divergence in price and volume or adverse external news impacts, correction pressure may arise at any time. However, if it coincides with industrial policies or a new wave of global infrastructure catalysis, the bullish trend is still expected to gather momentum quickly. It is not advisable to chase high prices at this time; instead, focus on tracking changes in trading volume and overseas market events. In summary, the rising divergence among major players and the risk of overbought corrections coexist in the short term, with external catalysts or large capital movements remaining key indicators

Technical Forecast

JIANGXI COPPER (358.HK): Following commodity trends, bulls are making efforts, but short pressure needs to be cautious

MBJIANC@EC2605A(19365.HK)

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

Shanghai copper climbs on China's plan to expand strategic reserves

China to expand its copper strategic reserve, industry association says

Copper's slide from record reflects reality of weak demand, rising stocks, analysts say