HK Stock Market Move | Aluminum stocks collectively rise, LME aluminum inventory hits 20-year low, institutions optimistic about domestic aluminum industry investment opportunities.

Aluminum stocks collectively rise, as of the time of this report, CHUANGXIN IND (02788) rose 6.21%, to 20.02 Hong Kong dollars; Aluminum Corporation Of China (02600) rose 6.09%, to 10.45 Hong Kong dollars; NANSHAN AL INTL (02610) rose 5.38%, to 32.5 Hong Kong dollars; CHINAHONGQIAO (01378) rose 2.39%, to 27.44 Hong Kong dollars. Zhongtai released a research report stating that although the deepening of the US-Iran conflict has profoundly changed the supply-demand pattern of the electrolytic aluminum industry in the medium term, the real supply-demand contradiction of aluminum has been overshadowed by inventory as aluminum materials from the Middle East had just arrived in the United States before the conflict. Entering June, besides the Shanghai-London price difference and the LME aluminum spot premium, LME aluminum stocks have fallen below 350,000 tons, hitting a near two-decade low, all indicating a continued tightening of aluminum supply and demand in the European market. The bank pointed out that as of May 28, the LME aluminum spot premium of $95/ton may set a new 20-year high since January 25, 2007. Customs administration data also confirmed a significant increase in China's aluminum exports in April, with domestic electrolytic aluminum and aluminum processing enterprises likely to see a simultaneous increase in both volume and price of exports, offering investment opportunities in the domestic aluminum industry chain.