According to the Wisdom Financial APP, the aluminum sector rose again. As of the time of publication, Aluminum Corporation of China (02600) increased by 3.84%, to 5.41 Hong Kong dollars; Chinahongqiao (01378) rose by 2.79%, to 14 Hong Kong dollars.

On the news front, since mid-September 2024, the price of aluminum oxide futures has been continuously trending higher. The main 2501 contract reached a high of 5217 yuan/ton in intraday trading on November 6, breaking a new high since the contract was listed. Analysts believe that currently, the aluminum oxide market is facing a tight supply-demand situation that is difficult to reverse in the short term, with futures prices still having the conditions to remain strong. However, the release of future market supply capacity brings some bearish expectations, and it is expected that there will be limited room for further increases in aluminum oxide futures prices in the future.

In addition, it is worth noting that at the recent opening of the Ninth Asia-Pacific Stainless Steel Industry Conference, the Indonesian Nickel Mining Association revealed plans to mimic the previous nickel ore export ban, implementing a new export ban on 12 mineral resources including bauxite, aiming to promote downstream development of domestic industries. Sealand Securities believes that the short-term supply of bauxite is still tight, as the shipment of bauxite from Guinea has not fully recovered, driving continuous price increases in aluminum oxide domestically and internationally, benefiting companies with integrated operations. In the long term, the aluminum industry has limited long-term supply growth, while demand continues to grow, indicating that the industry may sustain high prosperity.