The Zhitong Finance App learned that China's Hongqiao (01378) rose by more than 5%. As of press release, it had risen 5.15% to HK$10.2, with a turnover of HK$166 million.

According to the news, on April 22, Shanghai Aluminum futures rose again, breaking through 20,500 yuan/ton during the intraday period; Lunan Aluminum rose steadily, breaking through 2670.50 US dollars/ton during the intraday period, close to the previous high. Huatai Futures said that the Russian-aluminum sanctions combined with the current tense situation in the Middle East have greatly disrupted external aluminum prices. Domestic aluminum prices are also strongly affected by this. High prices have suppressed downstream consumption to a certain extent, and the pace of removal of aluminum ingots and aluminum bar stocks is slow. In the future, we need to continue to pay attention to import profits and losses, the progress of the resumption of electrolytic aluminum production in Yunnan, and the impact of the Rusal sanctions. Recently, peripheral factors have greatly disturbed aluminum prices, and aluminum prices may fluctuate strongly.

Furthermore, the CITIC Securities Research Report points out that the current resilience of demand for electrolytic aluminum has significantly exceeded expectations. Construction of construction profiles has not declined significantly. Construction of industrial profiles and cables is at a new high level in the same period in recent years, and sheet foil production has increased slightly year-on-year and is expected to continue to improve. The apparent decline in inventory under short-term supply shocks verifies the resilience of demand. It is expected that although there will still be an increase in the supply of electrolytic aluminum during the year, the growth rate will decline. In summary, the bank expects the domestic electrolytic aluminum industry to show a tight balance during the year, and aluminum prices and profits per ton of aluminum will remain high.