看多商品，把握顺周期品种共振机会.docx

目录

1、引言：政策转向，做多顺周期板块 .-4-

2、钢铁：从海底出击，商品与股票迎来共振.......................................................-4-

2.1、底部区域，板块迎来大幅反弹...................................................................-4-

2.2、需求结构的蜕变，长期需求中枢不悲观....................................................-6-

2.3、投资建议：商品与股票共振，积极做多钢铁股........................................-9-

3、铜铝：长牛商品迎来右侧加速时点................................................................-10-

3.1、预期摇摆带来再次布局窗口.....................................................................-10-

3.2、供给刚性，成本中枢逐步抬升................................................