Aluminum Corporation of China (02600) is now up over 3%. At the time of publication, it has risen by 3.33%, to HKD 5.58, with a turnover of HKD 85,947,800.
Zhongtong Finance APP learned that Aluminum Corporation of China (02600) is now up over 3%. At the time of publication, it has risen by 3.33%, to HKD 5.58, with a turnover of HKD 85,947,800.
China Securities Co., Ltd. pointed out that the consumption of electrolytic aluminum is linked to the completion of real estate projects. The real estate label has caused the market to have no expectations or pessimistic expectations for the electrolytic aluminum sector. However, the 7% increase in domestic aluminum consumption from January to May 2024 fully demonstrates that the negative impact of real estate completion on electrolytic aluminum is effectively offset by the lightweight use of aluminum in new energy vehicles, photovoltaic frame brackets, high-voltage transmission and other fields with high growth.
The bank pointed out that domestic electrolytic aluminum production capacity is close to the ceiling, and supply lacks elasticity. Overseas electrolytic aluminum production capacity construction and output are lower than expected, which means that the global electrolytic aluminum supply and demand gap will continue to exist from 2024 to 2026, and the over one million ton gap in China is conducive to driving the industry's high profits. The fundamentals of the aluminum sector are solid and should not be buried under the real estate label. The power of expectation differences should not be underestimated.