China's Aluminum Sector May See Strong Margin Expansion This Year -- Market Talk

Dow Jones06-11

0712 GMT - China's aluminum sector may see strong margin expansion this year, HSBC Global Research analysts write in a note. Aluminum is trading up 10% year to date on the LME, supported by robust demand, but there may be downward pressure when Yunnan province, an aluminum producing hub in China, capacity restarts completely, they say. The base metal's exports in May hit their highest since August 2022, rising 19% on year and 9% on month, driven by higher overseas demand, they add. However, the analysts believe a further volume rise could be limited considering the higher tariffs imposed by the U.S. and Mexico last month. HSBC Global Research has China Hongqiao as its top sector pick with a buy rating.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 11, 2024 03:12 ET (07:12 GMT)

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Aluminum is trading up 10% year to date on the LME, supported by robust ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03143","symbol_name":"华夏香港银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2442733745","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442733745","pubTimestamp":1718089920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0712 GMT - China's aluminum sector may see strong margin expansion this year, HSBC Global Research analysts write in a note. 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