Aluminum Prices, Stocks Seen Supported by Tightening Market -- Market Talk
Dow Jones03-20 10:35
0235 GMT - Aluminum prices are expected to be supported by tightening global supply and steadily rising demand, says Morgan Stanley, which initiates coverage of Chuangxin Industries and Tianshan Aluminum with overweight ratings. The bank expects limited supply growth in China, given a strictly enforced capacity ceiling. "Escalating tensions in the Middle East could further widen the supply deficit, driving upside to prices," MS says. It puts a HK$37.50 target price on Chuangxin and a 23.20 yuan target price on Tianshan. Shares of Chuangxin are up 0.9% at HK$25.74, and Tianshan shares are down 2.7% at CNY15.76. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 19, 2026 22:35 ET (02:35 GMT)
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