The Zhitong Finance App learned that China's Hongqiao (01378) rose by more than 4%. As of press release, it rose 4.03% to HK$12.9, with a turnover of HK$224 million.

According to the news, Huatai Futures pointed out that there was no news that domestic mines in the Jinyu region will resume production in batches this week, and at the same time, the import window for spot alumina stocks is still closed, which means it is difficult for the alumina supply side to achieve significant growth in the short term. On the demand side, the resumption of production in Yunnan is progressing steadily, which has brought a positive demand signal to the alumina market. Overall, the current alumina market shows a trend of weak supply and strong demand. The current tight balance pattern continues, and alumina prices are expected to fluctuate in the short term.

Morgan Stanley released a research report stating that China's Hongqiao will be raised to HK$15.1. According to the report, the global supply of 5.9 million tons of alumina has been blocked, which is equivalent to about 10% of the global supply after China is deducted. Due to China's need for more imports, the global alumina market is further constrained. The supply of alumina in China and the world is tighter, and alumina prices have been high for a longer period of time.