德意志银行：中国金属与矿产行业研究报告2009年5月

相似文件 换一批

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Table of Contents
Have we bottomed yet?.................................................................... 4
Yes; in this order: cement, long steel, flat steel, and metals.....................................................4
4Q08-1Q09 likely to be the margins’ trough .............................................................................5
4Q08 likely to be the valuations’ trough....................................................................................6
Cement: on a steady recovery........................................................ 14
Cement prices rebounding......................................................................................................14
Higher cement price assumptions ..........................................................................................14
Margins to expand in FY09-10 ................................................................................................16
Steel: nearing the bottom............................................................... 18
The destocking and restocking story ......................................................................................18
The supply and demand model...............................................................................................19
We expect a better 2H09........................................................................................................22
Metals: hints of stability ................................................................. 24
Have we bottomed yet? .........................................................................................................24
Demand: the China factor .......................................................................................................25
Supply: output economics ......................................................................................................26
Copper ...................................................................................................................................28
Aluminium..............................................................................................................................30
Deutsche Bank metal price forecasts .....................................................................................32
Company pages ............................................................................... 33
China Building Materials................................................................. 34
Anhui Conch Cement ...................................................................... 42
Zijin Group. ...................................................................................... 50
Chalco............................................................................................... 58
Jiangxi Copper................................................................................. 66
China Moly ....................................................................................... 74
Angang Steel.................................................................................... 80
Maanshan......................................................................................... 90
Monthly data.................................................................................... 99
Cement ..................................................................................................................................99
Steel.....................................................................................................................................100
Metals..................................................................................................................................103

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：行业研究报告 德意志银行 研究报告 行业研究 德意志 中国 研究报告 德意志银行 金属 矿产

LZ脑袋进水了吧？

看这让人眼馋阿!想让人掏人民币直说阿

没见过这么贵的,楼主降降价吧!

去抢啊

楼主你真牛，这么高的价钱你也喊的出！