20230827_国海证券_钢铁和大宗商品专题及行业周报：南华工业品指数强势运行是否对应实体需求好转？_37页.pdf

S03505221100044 1M 3M 12M-2.0%-0.2%-11.2%300-5.3%-3.7%-9.9%*2023-08-13*2023-07-31*2023-07-17*2023-07-03 2016 8 LME-3.2%-2.4%8 LME 8 23 8 Markit PMI 47 2 PMI 51 PMI 50.4 2 8 PMI 33 8 25 7 FOMC 7 25 7 8 PMI 7 45 45-0.1454-0.1075-0.0696-0.03170.00620.0441钢铁 沪深300 2 245 25 8 25 8 PMI 8 25 YWCXuNtOnOmNrPsRsPtMmNaQaO8OsQoOsQpMkPmMyQfQnPwO6MpOpPNZnRpNuOrRmP 3 1.6 2.10 3.12 3.1.12 3.2.13 3.3.14 4.16 4.1.16 4.2.17 4.3.19 4.4.21 4.5.23 4.6.24 4.7.26 4.8.29 5.31 5.1.31 5.2.33 6.35 4 1.6 2.6 3/.7 4.7 5.8 6 LME.9 7.12 8 08.21-08.25.12 9 08.21-08.25.13 10.13 11.14 12.14 13.15 14.15 15.15 16.15 17.16 18.16 19 10-1.16 20.16 21(15%).17 22 247.17 23/.17 24 PB 61.5%/.17 25.18 26.18 27 45.18 28 45.18 29 247.19 30(247).19 31.19 32 LME3.19 33 SHFE.20 34.20 35 LME LME.20 36 COMEX.21 37.21 38 SHFE/.21 39 LME/.21 40/.22 41.22 42.22 43.22 44 SHFE.22 5 45 LME.22 46.23 47/.23 48.23 49 09-01.23 50.24 51.24 52.24 53.25 54.25 55.25 56.25 57.25 58.25 59.26 60/.27 61/.27 62 247.27 63 230.27 64 230.27 65.27 66.28 67.28 68.28 69.28 70 247.28 71 247.28 72.29 73-.29 74 ESPO-.29 75 7dma.29 76/.30 77.30 78.30 79.30 80.30 81.30 1 08.21-08.25.12 6 1 iFinD iFinD 2004 6 1 1000 3 0 5 20%1 5 9 10001200140016001800200022002400260028001 2 3 4 5 6 7 8 9 10 11 12 2017 2018 2019 20202021 2022 2023100015002000250030003500400045001 2 3 4 5 6 7 8 9 10 11 12 2017 2018 2019 20202021 2022 2023 7 iFinD-100-500501001502002503003504004501 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-600-400-2000200400600800100012001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-1500-1000-50005001000150020002500300035001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-1000-5000500100015001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-50005001000150020001 2 3 4 5 6 7 8 9 10 11 12 PTA 2016 2017 2018 20192020 2021 2022 2023-600-400-20002004006008001000120014001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-800-600-400-2000200400600800100012001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-50005001000150020001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023-300-200-10001002003004005001 2 3 4 5 6 7 8 9 10 11 12 2016 2017 2018 20192020 2021 2022 2023 NHCI NHII NHECI NHMI NHAI NHPMI NHEI NHPCI NHCCI NHNFI NHFI NHFMI NHBMI NHOOI NHAECI SC 14.47%15.75%25.00%53.32%RB 9.30%10.88%22.38%35.18%72.93%I 8.77%10.03%20.85%31.74%54.03%CU 7.07%8.11%16.83%33.53%J 6.87%7.53%12.82%26.28%22.80%37.51%NI 5.66%6.90%13.93%26.94%AU 5.38%60.02%P 4.40%13.82%21.22%AG 4.22%39.98%AL 4.07%4.49%9.50%19.26%Y 3.95%12.13%20.47%M 3.79%11.30%21.56%PTA TA 3.75%4.45%7.95%29.24%21.39%RU 3.35%4.11%7.49%MA 3.01%3.57%6.38%17.17%SA 2.67%3.28%5.98%14.36%CF 2.58%7.78%31.80%ZN 2.45%2.92%5.95%11.62%OI 2.24%6.87%11.63%FU 2.00%2.43%4.41%11.61%8 iFinD 7 7 31 7.1465 8 21 7.3139 2020 84.1%70%LME-3.2%-2.4%8 LME LME LME LME PB SHFESHFE PVC PP5500 23/07/17 1.3%4.6%2.4%0.2%0.4%3.3%4.8%0.2%0.6%-0.2%1.5%1.5%-0.2%0.0%1.5%23/07/18 1.7%1.9%1.5%0.4%0.5%3.2%4.3%1.3%1.1%-0.2%1.2%1.2%1.6%0.0%2.2%23/07/19-1.0%-0.3%-2.8%0.5%0.4%0.5%6.1%2.5%2.2%-0.1%1.6%0.4%3.7%0.0%1.4%23/07/20-2.6%-2.9%-3.7%0.5%0.6%1.7%3.1%2.2%1.4%-1.6%1.0%0.1%3.9%0.0%0.8%23/07/21-2.8%-3.3%-2.6%0.3%0.6%0.1%1.1%1.6%1.0%0.7%-0.9%-0.1%3.9%0.0%1.5%23/07/24 0.2%-1.8%0.5%1.3%1.8%1.4%0.5%1.6%0.9%4.8%0.1%-0.1%3.1%0.0%1.6%23/07/25 2.3%0.7%4.2%1.8%2.9%1.7%-0.3%-0.1%0.3%4.3%0.3%0.2%0.7%0.0%0.8%23/07/26 2.1%1.3%5.0%1.9%3.3%3.6%-1.1%-0.8%-0.8%4.4%0.4%0.5%-1.4%0.5%1.0%23/07/27 0.8%0.2%3.6%1.7%3.8%0.2%-0.6%-0.5%-0.6%5.8%1.6%0.8%-1.7%0.5%1.0%23/07/28 2.4%0.4%6.0%1.3%3.8%-1.5%-2.0%-0.7%-0.6%4.8%3.2%0.9%-2.0%0.5%0.1%23/07/31 3.6%1.9%6.5%0.7%3.1%-0.7%-1.6%-0.7%-0.5%3.8%5.0%1.5%-2.5%0.5%0.1%23/08/01-0.5%1.5%3.5%0.0%1.7%-2.3%0.1%0.2%0.1%2.8%4.3%1.5%-2.2%1.4%0.6%23/08/02-1.3%0.3%0.6%-0.5%0.9%-4.3%-1.3%-0.3%-0.2%0.4%3.7%1.8%-2.1%2.3%0.6%23/08/03 0.5%-1.3%1.3%-1.6%-0.9%-5.6%-4.3%-1.0%-0.8%2.3%1.4%1.5%-2.0%2.3%0.4%23/08/04-1.2%0.2%0.2%-1.7%-1.0%-2.4%-2.1%-0.4%-0.3%3.0%-0.1%1.0%-2.2%2.3%0.3%23/08/07-4.2%-0.8%-2.2%-2.2%-1.3%-4.3%-1.7%-0.1%0.0%1.0%-1.8%0.3%-1.6%2.3%0.3%23/08/08-3.4%-3.4%-3.2%-2.4%-1.5%-4.2%-3.6%-0.5%-0.4%1.6%-1.3%0.3%-1.2%1.5%0.1%23/08/09-1.3%-1.1%1.5%-2.4%-1.4%-3.2%-3.3%-0.4%-0.4%5.0%-0.4%-0.6%-0.8%0.0%-0.2%23/08/10-2.6%0.7%-0.2%-1.7%-1.0%-1.1%-1.4%-0.2%-0.3%2.8%0.2%0.0%-1.2%0.4%-0.1%23/08/11-3.2%-1.8%-4.0%-1.7%-1.3%-0.9%-0.4%0.5%0.0%1.9%0.2%0.3%-1.3%0.4%0.0%23/08/14-2.3%-3.8%-6.3%-1.5%-1.5%-1.4%-1.0%0.2%0.1%1.4%-0.5%0.0%-1.8%0.4%0.0%23/08/15-1.9%-2.7%-6.9%-1.2%-1.3%-0.4%0.0%0.2%0.1%-0.5%-0.6%0.0%-2.9%1.0%-0.2%23/08/16-3.0%-3.0%-9.9%-0.5%-0.9%-0.5%0.9%0.6%0.6%-2.7%-1.6%0.3%-3.4%1.3%-0.2%23/08/17-1.8%-1.4%-8.3%-0.1%-0.7%3.1%1.3%0.8%0.9%-2.6%-0.9%-0.3%-3.5%0.9%-0.3%23/08/18-0.5%-1.5%-5.2%0.4%-0.5%2.5%0.1%0.0%0.4%-3.1%1.0%0.6%-3.2%0.9%-0.5%23/08/21 0.0%-1.3%-2.6%0.2%-0.6%5.3%0.7%0.6%0.4%-1.6%2.9%1.1%-1.9%0.9%-0.5%23/08/22 2.3%1.7%-0.2%0.2%-0.4%7.6%1.3%0.4%0.3%-1.0%2.9%1.9%-0.5%0.3%-0.4%9 WIND LME LME 08-02-1.1%0.4%-1.5%-1.7%08-03 1.0%-0.2%0.0%-2.5%08-04-1.5%0.4%-1.0%-1.8%08-07-3.8%-0.7%-1.6%-2.2%08-08-3.0%-2.6%-3.0%-2.6%08-09-1.2%-1.2%-2.7%-2.8%08-10-3.4%-0.4%-3.3%-2.8%08-11-3.0%-1.7%-3.9%-3.4%08-14-2.4%-1.6%-4.0%-3.8%08-15-2.4%-0.3%-5.3%-2.9%08-16-2.8%-1.5%-5.4%-4.3%08-17-1.4%-0.9%-4.7%-3.7%08-18-0.2%-0.3%-4.2%-3.7%08-21 0.0%0.8%-4.0%-3.0%08-22 2.2%0.2%-3.2%-2.7%08-23 3.4%2.3%-2.1%-2.1%08-24 1.5%1.3%-3.2%-2.5%08-25 1.0%1.4%-3.2%-2.4%10 2 8 23 8 Markit PMI 47 2 PMI 51 PMI 50.4 2 8 PMI 33 8 25 7 FOMC 7 25 7 8 PMI 08.21-08.25 7 45 45 245 25 8 25 11 8 PMI 8 25 12 3 3.1 3064.07 2.2%/0.4%/0.5%/2.8%/2.2%/2.7%1.4%-2.2%-6.9%-0.8%15906 1.4%SW-2.8%-6.8%-3.1%204 5.4%SW-2.2%-8.9%-7.1%1061 12.5%SW-2.7%-8.1%-12.2%1287 17.0%SW-0.4%-4.1%-10.7%258 38.8%SW-0.5%-4.0%7.5%251-1.3%WIND WIND WIND-1.6%/-4.8%/-5.3%/1.2%/-2.3%/5.8%/0.0%/-4.7%/0.5%/-0.8%/-4.0%/0.5%-40%-20%0%20%40%60%80%100%120%140%2020/1/3 2020/7/3 2021/1/3 2021/7/3 2022/1/3 2022/7/3 2023/1/3 2023/7/3 SW SW SW SW SW-0.4%-0.5%-2.2%-2.7%-2.8%-6%-5%-4%-3%-2%-1%0%1%2%13 WIND 3.2/3716/3917/827/1509/2241/0.43%/0.31%/7.19%/6.72%/5.73%WIND-1.6%-4.8%-5.3%1.2%-2.3%5.8%0.0%-4.7%0.5%-0.8%-4.0%0.5%-6%-4%-2%0%2%4%6%8%08.21-08.25%0.43%-3.51%-9.30%0.31%-4.86%-3.55%7.19%-0.90%12.52%6.72%1.62%-26.39%5.73%-2.46%-16.78%1.37%-0.25%8.23%0.84%0.90%-1.62%3.79%0.02%-19.96%0.75%0.48%17.18%4.00%1.38%34.85%-0.38%-0.60%-16.35%-1.87%-2.02%-4.16%PTA 3.73%-0.56%7.63%3.71%8.73%4.74%17.09%-5.08%-18.11%2.80%-3.92%10.14%14/68930/18555/20650/1.37%/0.84%/3.79%458.5/5823/0.75%4.00%84.48/3729/-0.38%/-1.87%PTA/6064/13270/1980/1618/3.73%/3.71%/17.09%/2.80%3.3*ST+.7%+.6%+-0.2%ST+-0.2%+-0.5%-10.9%-10.4%-8.1%-7.6%-7.2%WIND WIND+14.2%+11.6%+8.1%+7.6%6.4%-14.4%-12.1%-10.0%-9.9%-9.9%0.7%0.6%-0.2%-0.2%-0.5%-1%0%0%0%0%0%1%1%*ST ST-7.2%-7.6%-8.1%-10.4%-10.9%-12%-10%-8%-6%-4%-2%0%15 WIND WIND 4+25.6%+17.9%+15.5%+13.9%-16.2%-15.8%-15.8%-13.8%-12.8%WIND WIND+6.5%+3.4%+3.2%+2.7%2.0%-10.7%-8.1%-7.4%-7.3%-6.3%14.2%11.6%8.1%7.6%6.4%0%2%4%6%8%10%12%14%16%-9.9%-9.9%-10.0%-12.1%-14.4%-16%-14%-12%-10%-8%-6%-4%-2%0%25.6%17.9%15.5%13.9%0%5%10%15%20%25%30%-12.8%-13.8%-15.8%-15.8%-16.2%-18%-16%-14%-12%-10%-8%-6%-4%-2%0%16 WIND WIND 4 4.1 8 25 3716/0.4%3.5%9.3%10-1 8 18-18/8 25-28/WIND WIND 8 25 786.34 589.41 196.93 2.5%2.0%9.0%6.5%3.4%3.2%2.7%2.0%0%1%2%3%4%5%6%7%-6.3%-7.3%-7.4%-8.1%-10.7%-12%-10%-8%-6%-4%-2%0%-150-100-5005010015020025030035040001-20 02-20 03-20 04-20 05-20 06-20 07-20 08-20 09-20/2019 2020 2021 2022 2023050010001500200025001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 17 WIND WIND 8 25-10/62/217/4.2 8 25 827/7.2%0.9%12.5%WIND WIND 8 25 61.5%PB-889/3.7%-300-10010030050070090011001300150017001 2 3 4 5 6 7 8 9 10 11 12/2019 2020 2021 2022 2023 0204060801001201 2 3 4 5 6 7 8 9 10 11 12 2018 2019 20202021 2022 2023%500600700800900100011001200130014001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 202350070090011001300150017001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023 18 WIND FMG WIND 8 20 2667.6 3.4%3257 10.1%45 2237.5 29.7%8 25 45 12032.48 0.2%WIND WIND 45 328.19 0.4%247 91.77%0.02pct 247 83.36%0.7pct 45 5 45 500700900110013001500170019001 2 3 4 5 6 7 8 9 10 11 12 2018-2022 2022 2023 100015002000250030001 2 3 4 5 6 7 8 9 10 11 12 2018-2022 2022 2023 10000110001200013000140001500016000170001 2 3 4 5 6 7 8 9 10 11 12 2018 2019 2020 2021 2022 2023 2002202402602803003203401 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 19 WIND WIND 4.3 8 25 68930/1.4%LME3 8359/1.0%3.6%6.4%WIND WIND 8 25 7.11 9.92%1.32%50.59%LME 9.75 5.78%51.38%19.08%505560657075808590951001 2 3 4 5 6 7 8 9 10 11 12%2019 2020 2021 2022 2023 1902002102202302402502601 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 3.03.54.04.55.05.56.06.57.07.58.01 2 3 4 5 6 7 8 9 10 11 12/x 100002020 2021 2022 20234,0005,0006,0007,0008,0009,00010,00011,0001 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 2023 20 WIND WIND 10 TIPS LME 8 18-26.75/8 25-36.25/WIND LME 0-3 LME 3 8mm 8mm 2.6mm 8.2%5.5%01020304050607080901 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 20232.002.202.402.602.803.003.202022/1/3 2022/5/3 2022/9/3 2023/1/3 2023/5/3%051015202530-10001002003004002020/1/2 2021/1/2 2022/1/2 2023/1/2LME(0-3)/LME 21 WIND WIND 4.4 8 25 LME 2150.5/0.6%3.2%10.1%18555/0.8%WIND WIND 8 25 18820/1.6%2.5%0.2%8 24 81.54 0.54 0510152025303540-60000-40000-200000200004000060000800001000002020/1/7 2021/1/7 2022/1/7 2023/1/7COMEX-COMEX-8%02004006008001000120014001600180020002022/1/4 2022/5/4 2022/9/4 2023/1/4 2023/5/4/8mm 2.6mm 11.21.41.61.822.22.42.61 2 3 4 5 6 7 8 9 10 11 12/x 100002020 2021 2022 202310001500200025003000350040001 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 2023 22 WIND iFinD 44.4 2.3%LME 52.62 8.8%SHFE 1.6%iFinD iFinD WIND WIND 11.21.41.61.822.22.42.61 2 3 4 5 6 7 8 9 10 11 12/x 100002020 2021 2022 202370727476788082841 2 3 4 5 6 7 8 9 10 11 12 2022 2023 05101520251 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 4060801001201401601801 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023 010203040506070801 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 0501001502002501 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 23 4.5 8 25 1618/2.8%3.9%11.0%8 18 49/8 25 65/9-1 8 18 246/8 25 191/WIND iFinD iFinD WIND 09-01 09 01 8 25 246 80.98%82.37%0.54pct 1000150020002500300035001 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 20231000150020002500300035001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023-400-20002004006008001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023/-10001002003001 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月2019 2020 2021 2022 2023元/吨 24 iFinD iFinD 8 25 4284.7 4.3%7.8%39.6%iFinD 4.6 8 25 1980/17.1%5.1%18.1%8 25 2100/2.4%22.1%2171/2.5%20.7%2202302402502602701 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 7075808590951 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023%0200040006000800010000120001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 25 WIND WIND 1.5pct 57.01 1.9%4.2%23.5%WIND WIND 10001500200025003000350040001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 2023050010001500200025003000350040002020/1/2 2021/1/2 2022/1/2 2023/1/2/:():():4045505560651 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 0204060801001201401601802001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 203040506070801 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 1015202530354045502022/4/21 2022/7/21 2022/10/21 2023/1/21 2023/4/21 2023/7/21 26 58.88 2.3%3.8%13.6%28.24 0.5%30.64 4.7%14.6 11.4%41.2%70.8%473.53/27.6%1.6%1049.1/19.1%33.1%4.7 8 25 1509/6.7%1.6%23.0%8 25 1726/0.1%1.5%13.6%0500100015002000250030002022/3/31 2022/6/30 2022/9/30 2022/12/31 2023/3/31 2023/6/30/27 WIND WIND 247 746.28 2.6%0.1%8.3%230 755.6 2.9%2.0%13.2%9.8 4.9%WIND WIND WIND iFinD 10001500200025003000350040001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 202310001200140016001800200022002400260028001 2 3 4 5 6 7 8 9 10 11 12 2020 2021 2022 20236007008009001,0001,1001,2001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 5007009001,1001,3001,5001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 5101520251 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 0510152025303540451 2 3 4 5 6 7 8 9 10 11 12 2018 2019 20202021 2022 2023 28 iFinD WIND 8 25 2241/5.7%2.5%14.7%8 25 2392/1.5%1.5%12.1%WIND WIND WIND WIND 4004505005506006507001 2 3 4 5 6 7 8 9 10 11 12 2021 2022 202315002000250030003500400045001 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 202315002000250030003500400045001 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 20232002202402602803003203401 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 3004005006007008001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 810121416181 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 29 247 570.56 4.5%1.4%3.4%10.66 3.7%4.8 8 25 84.48/0.3/-0.4%)0.6%15.0%WIT 79.83/1.42/-1.7%)0.9%14.2%8 25-0.82/0.32/-1.20/1.72/ESPO-6.17/2.48/WIND WIND WIND WIND 0204060801001201401600204060801001201402020/1/2 2021/1/2 2022/1/2 2023/1/2/():Dtd-10-5051015201 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 2023-60-50-40-30-20-10010201 2 3 4 5 6 7 8 9 10 11 12/2020 2021 2022 2023 02468101214161 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 30 7 13.16 0.03%WIND WIND WIND WIND WIND WIND 1501701902102302502702903103301 2 3 4 5 6 7 8 9 10 11 12/2019 2020 2021 2022 20230204060801001201401601802001 2 3 4 5 6 7 8 9 10 11 12/2019 2020 2021 2022 20233504004505005501 2 3 4 5 6 7 8 9 10 11 12/2019 2020 2021 2022 20236006507007508008509009501000105011001 2 3 4 5 6 7 8 9 10 11 12/2019 2020 2021 2022 20233000350040004500500055006000650070001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 150016001700180019002000210022001 2 3 4 5 6 7 8 9 10 11 12 2019 2020 2021 2022 2023 31 8 18 16.12 0.1%0.1%3.3%0.59 5 5.1 22 10 8 21 BIS 33 Unverified List UVL 27 8 23 8 PMI 50.4 8 Markit PMI 47 7 49 8 Markit PMI 51 7 52.3 22 KeyCorp KEYComerica Inc.CMA Valley National Bancorp VLY UMB Financial Corp.UMBF Associated Banc-Corp ASB 8 22 2023 2035 2023 2030 2035 32 8 23 30 30 8 24 2023 8 24 8 14 20 0.2%8 25 300 1%23:00 0.4%500 0.21%8 24 30 7.23%2001 SBB 33 2210 7 1.8%iFinD 980 7 1230 7280 7750 470 25 2025 2027 5.2 8 20 Polymetal International 6 8 10 INES 8 2026/2027 8 16 412 18 2 1 2023 8 23 24 55 8 23 KGHM Polska GRUPANKT 140 2023 34 2027 GRUPANKT 96 142 24 2023 8 25 2309 2310 2311 2312 1000 2401 2402 2403 2404 2405 2406 2407 2408 10000 8 25 2023-2024 8 25 9 4 22 8 15 35 6 1 2 3 4 5 6 3 2020 Wind,300 300 300 300 20%300 10%20%300-10%10%300 10%R3/