Xinxiang Chemical Fiber Co Ltd000949
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Xinxiang Chemical Fiber Co LtdGrain ETF Southern surges to limit-up in late trading as agricultural sector rallies
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On August 18, Grain ETF Southern shot up in late trading to hit the daily limit-up, with full-day turnover of 34.42 million yuan, a closing premium rate of 2.67 percent, and a turnover rate of 57.03 percent. The agricultural sector strengthened across the board that day, with Grain ETF Invesco gaining 8.33 percent in a single day, and Grain ETF ChinaAMC, Grain ETF Penghua, and Grain ETF GF all rising more than 7.7 percent. On the news front, the National Climate Center said sea surface temperatures in the central and eastern equatorial Pacific continue to rise and are expected to peak around November to December, forming a super El Niño event that is highly likely to become the strongest on record. Tianfeng Securities believes global weather and international trade uncertainty are accelerating the restructuring of global agricultural supply chains, and suggests watching investment opportunities in four major segments: seeds, planting and downstream, agricultural inputs, and water conservation. JPMorgan's latest report expects global food price inflation to rise from 2.8 percent in the first half of this year to 5 percent in the first half of next year, and warns that Middle East conflict has disrupted passage through the Strait of Hormuz, while a strong El Niño may reduce crop yields, with multiple overlapping factors set to hit agricultural production.
Xinxiang Chemical Fiber Co Ltd