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Aluminum stocks generally rose, chinahongqiao (01378) increased by 3.29%. Institutions indicate that aluminum prices are expected to reopen an upward channel in the fourth quarter.
Chinahongqiao's stock price rose, with China Hongqiao (01378) up 3.29%, RUSAL (00486) up 2.15%, Xingfa Alum (00098) up 1.12%, and Aluminum Corporation of China (02600) following suit. Dongguan Securities stated that policy stimulus and fundamentals are performing together, with steady growth in aluminum market demand. Aluminum materials, with excellent properties such as lightweight, high strength, corrosion resistance, and strong heat dissipation, are widely used in transportation, aviation, energy engineering, architectural decoration, and other fields. Currently, the concepts of lightweight autos and green development are deeply rooted in people's hearts, with multiple terminal application scenarios ready to take off. Since September,
Aluminum oxide retraces from highs, could this news have an impact?
Recently, aluminum oxide futures prices have retraced from their highs, with the 2501 aluminum oxide contract having a maximum retracement of over 5% from the recent high of 5477. As of November 18 at 10:15 AM, the increase is 0.52%, with a quote of 5235 yuan/ton.
Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
Aluminum stocks weakened, Aluminum Corporation of China (02600) fell by 4.91%, the Nonferrous Metals Industry Association stated that there are irrational factors in the trend of aluminum oxide prices.
Jingu Finance | Aluminum stocks weakened. As of the time of publication, Aluminum Corporation of China (02600) fell by 4.91%, Chinahongqiao (01378) fell by 2.34%, and Xingfa Alum (00098) fell by 1.36%. On the news front, a relevant person in the China Nonferrous Metals Industry Association responded to questions from reporters about the current aluminum oxide market: We believe that there are irrational factors in the trend of aluminum oxide prices, and there is obvious excessive speculation by capital. Based on current costs and price calculations, the average profit of the aluminum oxide industry exceeds 2000 yuan per ton, which is unsustainable and should not continue. First, we hope that all parties will respect the market, comply with the rules,
Xingfa Aluminum (00098.HK) sells 2.8% stake in Guangxin Innovation Research Institute and cashes out 12.19 million yuan.
Xingfa Alum (00098.HK) announced a related trade, selling all of Guangxin Holdings' 2.8% stake in the Guangxin Innovative Research Institute in Guangdong Province to the controlling shareholder, Guangxin Holdings, for a consideration of 11.19 million RMB (approximately 12.19 million HKD).
Xingfa Aluminium Arm to Dispose Stake in Guangdong Guangxin Innovative Research Centre
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