HK Stock Market Move | Aluminum stocks collectively rise, Middle Eastern geopolitical risks increase, domestic destocking speed remains relatively high.

Aluminum stocks collectively rose. As of press time, CHUANGXIN IND (02788) rose 5.93% to 17.5 Hong Kong dollars; Aluminum Corporation Of China (02600) rose 5.91% to 8.6 Hong Kong dollars; CHINAHONGQIAO (01378) rose 5.35% to 22.38 Hong Kong dollars. In terms of news, the US military launched strikes against Iran for the 12th consecutive night. After targeting Iran's "Garrison" underground nuclear facility twice recently, US President Trump posted on social media that from now on, every time Iran fires on ships in the Strait of Hormuz, the US will bomb and destroy an Iranian bridge or power plant. Xin Da Futures believes that the US-Iran strikes and the resumption of sea blockades have continued to delay the recovery of damaged production capacity in the Middle East, maintaining a supply gap. In the short term, the sustainability of destocking and geopolitical risk premiums provide bottom support. Sealand believes that in the short term, aluminum companies are releasing interim reports with impressive performance. The US-Iran situation is fluctuating, negotiations are not progressing smoothly, and geopolitical risk premiums in the Middle East are rising. On the demand side, export demand expectations are good, and the destocking rate in June-July may maintain month-on-month growth, with domestic destocking speed remaining high. In the long term, the aluminum industry has limited long-term supply growth while demand still has growth points, so the industry may maintain a high level of prosperity, maintaining a "recommended" rating for the aluminum industry.