Movement Alert|CHALCO Falls 3.14% in Regular Trading, Aluminum Sector Under Pressure Amid Fed Rate Hike Expectations and Foreign Institutional Selling

Market Focus09:54

On September 17, CHALCO declined 3.14% in regular trading, trading at HK$7.885/share, with turnover of HK$47.91 million. The aluminum sector continued to weaken broadly, with peers CHUANGXIN IND down 2.65%, CHINAHONGQIAO down 2.18%, and NANSHAN AL INTL down 1.60%.

The decline extends a multi-session downturn driven by macro headwinds. The probability of a Fed rate hike this week has surged to 92.4%, while the ECB recently raised rates by 25 basis points. Stronger-than-expected US PPI data further reinforced global tightening expectations, pushing the US dollar and Treasury yields higher and pressuring dollar-denominated metals. LME aluminum prices have tracked lower alongside the broader non-ferrous complex.

Foreign institutional selling has also intensified. Disclosure filings show JPMorgan reduced its CHALCO H-share long position from 5.41% to 5.22%, while BlackRock previously cut its stake from 10.12% to 9.40%. Analysts note that while low LME aluminum inventory at 244,000 tonnes provides some floor support, near-term sentiment remains dominated by macro and rate policy pressures.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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