Xinhua News Agency, May 31, CITIC Securities pointed out that since 2023, although the overall decline in periodic commodity prices has made plate allocation more difficult, factors such as the advent of global liquidity inflection points, domestic economic recovery expectations and long-term supply-side constraints still support commodity prices. The prices of most products are expected to bottom out in the second half of the year and benefit from the high level of long-term tight supply and demand. At the same time, the special valuation is expected to become the main line of allocation throughout the year, and the enterprises with low valuation, high dividend and business focus on core energy resources are expected to achieve valuation repair.