What are the best cyclical stocks on Shanghai SSE?

The top cyclical stocks on the Shanghai Stock Exchange include PetroChina (601857), CNOOC A (600938), China Shenhua (601088), Jiangxi Copper (600362), COSCO Shipping (601919) and Chalco (601600). These track Brent crude, LME copper, coal prices and freight rates.

How does the PMI signal affect SSE cyclicals?

The Caixin/Markit PMI at 51.4 is marginally expansionary, supporting industrials and materials. A PMI above 52 would be a stronger buy signal for SSE energy and materials names.

What is the current cycle zone for Shanghai stocks?

The Signycle cycle score is 74/100 (Late Expansion). Copper and VLCC rates are in sell territory while PMI and BDI are neutral. PetroChina and CNOOC benefit from elevated Brent at $102/bbl.