No Data
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.
Sealand: Eco-friendly policies affecting aluminum processing rates, alumina remains strong.
On the domestic front, the State Council stated that it will continue to effectively implement a package of incremental policies, evaluate and optimize policies in a timely manner.
Why is aluminum oxide experiencing a high-level pullback? How do you see the future market?
Today, the aluminum futures prices experienced a high-level pullback, with market analysis suggesting that there may be changes in the driving factors behind the rise. For more details, please read the following content.
Hong Kong stocks unusual movement | rusal (00486) rose more than 10% again, previously announced a 1.2 billion Hong Kong dollar share buyback, the company is bullish on china's aluminum demand boost
Rusal (00486) rose by over 10% again, with a cumulative increase of over 50% in nearly nine trading days. As of the time of writing, it rose by 9.2%, reaching 3.68 Hong Kong dollars, with a turnover of 11.051 million Hong Kong dollars.
No Data
No Data