The Shanghai Stock Exchange is home to China's largest state-owned commodity producers — steel, energy, chemicals and shipping. These companies move directly with China's industrial cycle and global commodity signals.
| # | Stock | Signal | Cycle return | Duration | Period |
|---|---|---|---|---|---|
| 1 | Baowu Steel (Baoshan)600019.SS | Steel HRC | 28 mnd | 2015-12 → 2018-04 | |
| 2 | CNOOC (A-share)600938.SS | Brent Crude | 33 mnd | 2020-10 → 2023-07 | |
| 3 | Maanshan Steel600808.SS | Steel HRC | 24 mnd | 2015-12 → 2018-01 | |
| 4 | COSCO Shipping Holdings601919.SS | Baltic Dry Index | 24 mnd | 2020-05 → 2022-05 | |
| 5 | China Coal Energy601898.SS | Iron Ore / BDI | 22 mnd | 2020-10 → 2022-08 | |
| 6 | Yanzhou Coal Mining600188.SS | Iron Ore / BDI | 20 mnd | 2020-10 → 2022-06 | |
| 7 | SINOPEC600028.SS | Brent Crude / PMI | 24 mnd | 2020-03 → 2022-03 |
| # | Company | Signal | Return |
|---|---|---|---|
| 1 | Baowu Steel600019.SS | Chinese HRC Steel | |
| 2 | CNOOC A-Share600938.SS | Brent Crude | |
| 3 | COSCO Shipping A601919.SS | SCFI Freight | |
| 4 | China Coal Energy601898.SS | Chinese Thermal Coal | |
| 5 | Sinopec 601088 China Shenhua 603993 China Moly 00358 Jiangxi Copper HK600028.SS | Brent + Refining |