中国政府宣布了一系列旨在提振经济增长并挽救房地产市场的举措，这些消息引发了铁矿石和铜价格的显著上涨。作为全球最大的金属消费国，中国一直是推动金属市场繁荣的引擎，今年一直困扰商品市场的负面新闻主要源自于此。宏观经济放缓与房地产行业危机交织，导致金属价格暴跌，钢铁制造商和铜冶炼厂面临巨大压力。
周二，中国政府积极响应这一形势，提出了一系列措施以应对经济困境，特别是针对房地产市场，包括增加消费者贷款、下调关键短期利率以及降低房贷利率等政策。这些提振经济增长的举措在宣布当月即启动了降息周期，并表明今年后续会议将进一步减息；同时，中国也再度降低了2024年的贷款利率。
铁矿石作为钢铁生产的基石成分，与中国的房地产市场紧密相连，价格大幅上涨6.7%，创下16个月以来的最大单日涨幅。伦敦交易的铜、铝和锌等金属也随之上扬。矿业类股票亦呈现出强劲反弹趋势。今年，由于中国经济放缓抑制了需求，导致钢厂减少生产量，铁矿石成为表现最差的品种之一。
尽管市场对中国的介入反应热烈，但一些分析师持保留态度，认为这些措施未必能彻底解决住房危机或重新启动基础设施支出。“总体而言，这些宣布的措施难以独自结束房产危机，也不足以促使基建投资复苏。”Commerzbank AG的一名分析师表示，“为达到此目标，需要伴随财政刺激举措出台。”
新加坡交易铁矿石期货价格上涨6.4%，每吨报价95.15美元。即便在当日大涨之后，今年铁矿石价格仍下挫约三分之一。在中国市场，以人民币计价的钢铁期货在上海交易所上涨。
分析师魏英表示：“今日政策对于提振市场信心是有帮助的。不过，房地产问题极为复杂，单靠货币宽松可能不足以解决问题。”他强调，需密切关注后续财政政策动向。
金属价格普遍走高，投资者消化了刺激措施的内容。铜在LME上涨2.2%，锌和铝分别超过2%上涨。矿业股中，Anglo American Plc股价上涨约7%，BHP Group、Rio Tinto Group 和 Glencore Plc的股价均大幅上涨逾4%，其中Anglo American Plc涨幅尤为显著。
新闻来源：www.bloomberg.com
原文地址：Iron Ore Spikes as China Announces Stimulus to Support Property, Economy
新闻日期：2024-09-24
原文摘要：
Iron ore and copper rallied strongly after China unveiled a series of measures to boost growth and resurrect its beleaguered property market.China, the biggest consumer of metals and the main driver of the fortunes of those who produce them, has been a constant source of bad news for commodity markets this year. A broad economic slowdown, combined with the crisis in the property sector, has seen metal prices slump and piled pressure on everything from steelmakers to copper smelters.On Tuesday, Beijing responded, announcing a series of measures to address the nation’s economic malaise, and in particular targeting the real estate market.Central bank Governor Pan Gongsheng said would help banks boost lending to consumers, cut the key short-term interest rate and lower mortgage rates.The growth-supporting salvo came the same month that the began an easing cycle with a half-point cut to interest rates and signaled further reductions at remaining meetings this year, while the lowered rates for the second time in 2024.Iron ore, the key steelmaking ingredient with fortunes closely tied to China’s real estate market, spiked as much as 6.7%, heading for the biggest one day move in more than 16 months. Copper, aluminum and zinc all rose in London, while mining stocks also rallied strongly. Iron ore has been among the worst performing this year as China’s slowdown has hurt demand, with mills reducing steel output. At the same time, major low-cost miners in Australia and Brazil have been boosting , driving the market into a surplus.Read More: While investors relished China’s intervention, some analysts remained skeptical about how meaningful the impact would be ultimately.“All in all, the measures announced cannot be expected to end the housing crisis by themselves or lead to a resumption of infrastructure spending,” said , an analyst at Commerzbank AG. “For that to happen, the measures would have to be accompanied by fiscal stimulus, which has not been announced.”Iron ore future were traded 6.4% higher at $95.15 a ton in Singapore. Still, even after the day’s gain, the remains about a third lower this year. In China, yuan-priced steel futures climbed in Shanghai.“Today’s policy is helpful in boosting market sentiment,” said Wei Ying, an analyst at China Industrial Futures Ltd. “However, the issue is very complicated, so monetary loosening might not be enough,” Wei added, citing the need to watch for additional fiscal policies.Base metals advanced as investors absorbed the content of the stimulus announcement. Copper gained as much as 2.2% on the . Zinc and aluminum both rose more than 2%.Among miners, Anglo American Plc gained about 7%, while BHP Group, Rio Tinto Group and Glencore Plc all gained more than 4% intraday.
