BIALUCO@EC2610A

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

09618

00175

09961

01801

02714

06869

01913

02600

03993

01378

JD-SW(09618) rose 9.95%, with a trading turnover 5.1 Billion HKD, and a year-to-date fell 4.5%. GEELY AUTO(00175) rose 7.92%, with a trading turnover 1.2 Billion HKD, and a year-to-date fell 8.6%. YOFC(06869) fell 7.79%, with a trading turnover 3.9 Billion HKD, and a year-to-date rose 167.9%. PRADA(01913) fell 5.76%, with a trading turnover 206.3 Million HKD, and a year-to-date fell 9.2%.

- The Hang Seng Index increased by 1.72%, with a year-to-date gain of 0.5%, while the Hang Seng Tech Index rose by 3.15%, but has declined by 10.3% this year.  
- JD.com saw a notable increase of 9.95% with a trading volume of 5.06 billion HKD, yet it remains down 4.5% year-to-date, while Geely Automobile rose by 7.92% with a trading volume of 1.21 billion HKD, down 8.6% in 2026.  
- In contrast, Longxing Optical Fiber Cable fell by 7.79% despite a trading volume of 3.87 billion HKD, maintaining a significant year-to-date gain of 167.9%, whereas Prada dropped by 5.76% with a trading volume of 210 million HKD, marking a 9.2% decline this year.

Top Gainers & Losers

JD-SW

GEELY AUTO

TRIP.COM-S

INNOVENT BIO

MUYUAN

YOFC

PRADA

CHALCO

CMOC

CHINAHONGQIAO

Top 5 HK Stock Gainers/Losers (>100B) (3.6)

601600

601702

CENX

KALU

600219

601677

JP Morgan warned that major smelters in the Middle East, such as Qatar Energy, have successively halted production or declared force majeure, affecting nearly 18% of global primary aluminum exports. Meanwhile, the inventory of alumina, the raw material, is only sufficient to last for a few weeks, making larger-scale production cuts at smelters imminent. If the production cut trend continues to evolve, there is potential for aluminum prices to rapidly hit the $4,000/ton mark. Bank of America also sees the fragility of the supply chain, raising its forecast for the aluminum supply gap in 2026 from 1 million tons to 1.5 million tons

- The Middle East conflict has entered its seventh day, severely impacting the global aluminum market with major smelters announcing production halts due to disruptions in the Strait of Hormuz.  
- JPMorgan identifies the situation as a critical supply-driven event horizon, predicting aluminum prices could surge towards $4,000 per ton if production cuts persist.  
- By March 6, LME aluminum prices rose to $3,313 per ton, marking the highest level since 2022, amidst forecasts of increasing supply gaps and tightening inventory conditions.

Wallstreetcn

Alcoa

Huafon Aluminium

Century Aluminum

Kaiser Aluminum

NANSHAN ALUMINIUM

Mtalco

"Critical point" approaching! JP Morgan: The chaos in the Middle East has caused a substantial supply shock, and aluminum prices are aiming for $4,000!

000807

561330

PICK

159881

512400

516650

The conflict between the U.S. and Iran has impacted shipping in the Strait of Hormuz, triggering a global aluminum supply chain crisis. Aluminium Bahrain (Alba) has invoked force majeure clauses for some customers, suspending metal deliveries primarily due to transportation disruptions rather than operational issues. Boosted by this news, London aluminum prices surged 4% in a single day, marking the largest increase since November 2024, with prices reaching a new high since 2022. Traders warn that if the situation persists, broader force majeure declarations may follow, putting manufacturers in Europe, Asia, and America at risk of spot shortages

- The conflict between the U.S. and Iran has disrupted the global aluminum market, with the blockage of the Strait of Hormuz causing a supply chain crisis and warnings of potential large-scale force majeure declarations.  
- Aluminium Bahrain BSC (Alba) has invoked force majeure clauses due to this disruption, leading to a 4% rise in London aluminum prices, the highest since November 2024.  
- As a major supplier in the region, Alba's shipping capabilities have been directly impacted, with manufacturers facing potential supply shortages in Europe, Asia, and the U.S. due to ongoing logistical challenges.

Yunnan Aluminium

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Invesco DB TR Base Metals ETF

GF CSI Rare Metals Theme ETF

ISHRS MSCI Glb Slct Met & Mining

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Aluminum prices soar to a new high since 2022, Bahrain Aluminum suspends partial deliveries citing force majeure

01072

03986

00100

01138

09980

00670

01299

DONGFANG ELEC(01072) rose 11.36%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 52.1%. GIGADEVICE(03986) rose 6.13%, with a trading turnover 880.2 Million HKD, and a year-to-date rose 126.7%. MINIMAX-WP(00100) fell 10.48%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 345.5%. COSCO SHIP ENGY(01138) fell 10.38%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 95.1%.

DONGFANG ELEC

GIGADEVICE

MINIMAX-WP

COSCO SHIP ENGY

EASTROC

CHINA EAST AIR

Top 5 HK Stock Gainers/Losers (>100B) (3.4)

000612

The ongoing war with Iran poses significant risks to Western aluminium supply, particularly through the Strait of Hormuz, a key shipping route. The region produces over 8% of global aluminium output, with Gulf Cooperation Council (GCC) countries becoming major suppliers. The potential closure of Qatar Aluminium due to power supply issues highlights vulnerabilities in the market, which is already facing disruptions from reduced Russian imports and other plant closures. Rising aluminium prices reflect these supply concerns, with further energy price shocks likely to impact Western producers and buyers.

Reuters

Jiaozuo Wanfang

SHENHUO COAL&POWER

ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home

06898

560860

02610

Aluminum stocks in Hong Kong and China surged due to rising aluminum prices following a smelter shutdown in Qatar amid escalating Middle East conflict. Aluminum Corp. of China's shares rose 6.1%, while China Hongqiao Group and Nanshan Aluminium also saw significant gains. The three-month aluminum contract on the London Metal Exchange increased by 1.5% to $3,299.50 per metric ton. The conflict has disrupted energy supplies and shipping routes, raising concerns about global aluminum supply as smelters face production halts due to energy shortages.

MorningStar

CHINA ALUMCAN

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

NANSHAN AL INTL

Aluminum Stocks in Hong Kong, China Rise Amid Mideast Supply Disruption

JP Morgan's research report points out that due to geopolitical tensions, coal stocks have performed well and are expected to continue rising. CHALCO and CHINAHONGQIAO may benefit from disruptions in aluminum supply. Morgan Stanley is optimistic about gold and copper stocks, believing that buying high-quality mining stocks on dips is valuable. Aluminum prices could quickly rise to $4,000 per ton due to supply disruptions. Lithium is under short-term pressure, with prices expected to hover around 150,000 yuan per ton

AASTOCKS

Morgan Stanley expects coal and aluminum to perform well in the short term, optimistic about CHALCO and CHINAHONGQIAO

Aluminium prices rose 1.37% to 24,375 yuan per metric ton due to heightened supply risks from Middle East tensions, particularly Iran's closure of the Strait of Hormuz. Copper also saw gains, while tin prices fell sharply by 7.49% amid increased production in Myanmar. Analysts suggest that aluminium prices could continue to rise if disruptions persist, despite the market trading above fair value. Overall, base metals showed mixed movements influenced by inflation fears and a stronger U.S. dollar.

METALS-Aluminium extends gains on deepening Middle East supply fears

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159871

Yunnan Aluminum Foil Company, a subsidiary of CHALCO, has increased its registered capital from 800 million yuan to 1.15 billion yuan, an increase of approximately 44%. The company was established in 1996 and mainly engages in the production and sales of aluminum cast-rolled coils, aluminum plates and strips, aluminum foils, and related products. Shareholders include China Aluminum Group High-end Manufacturing Co., Ltd. and Northwest Aluminum Co., Ltd

36Kr

Penghua Guozheng Non-ferrous Metal Industry ETF

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

CHALCO's Yunnan Aluminum Foil Company increases its capital to 1.15 billion

COPP

LME copper futures rose by $39, closing at $13,344 per ton. LME aluminum futures fell by $18, closing at $3,140 per ton. LME zinc futures fell by $62, closing at $3,317 per ton

Sprott Copper Miners ETF

Freeport Mcmoran

JCCL

Global X Copper Miners

iShares Copper and Metals Mining ETF

TCTZF

BABA

Morgan Stanley released a strategy report on the Chinese market, listing focus stocks for Hong Kong stocks and Chinese stocks, including a potential increase of 17.8% for Alibaba, 20.7% for CHALCO, 33.3% for CATL, 41.8% for InnoCare Pharma-B, 30.7% for Espressif Systems, 22% for Hong Kong Stock Exchange, 7.1% for HKT-SS, 0.9% for State Grid NARI, 22.6% for Ping An, 25.7% for Inovance Technology, 1.6% for China National Materials, 9.3% for Spring Airlines, 53.4% for Sunny Optical, 37% for Tencent, and 31.7% for Zijin Mining

Tencent Holdings Limited

Alibaba

Tencent

Ping An

BABA-W

HKT-SS

Ping An Insurance

Zijin Mining

Krne Csi China Internet

FI2 CSOP HSI

KraneShares 2x Long BABA Daily ETF

FL2 CSOP HSI

FI CSOP HSI

Morgan Stanley lists focus stocks for Hong Kong stocks (table)

02423

00914

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01208

02513

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09660

BEKE-W(02423) rose 5.63%, with a trading turnover 826.8 Million HKD, and a year-to-date rose 12%. CONCH CEMENT(00914) rose 5.53%, with a trading turnover 764.8 Million HKD, and a year-to-date rose 20.9%. MINIMAX-WP(00100) fell 14.38%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 356.7%. KNOWLEDGE ATLAS(02513) fell 10.75%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 382.4%.

- The Hang Seng Index rose by 0.66%, with a year-to-date increase of 4.4%, while the Hang Seng Tech Index fell by 0.19%, down 4.6% year-to-date.  
- Beike-W (02423) gained 5.63% with a trading volume of HKD 830 million, marking a 12% rise for the year, whereas Conch Cement (00914) increased by 5.53% with a trading volume of HKD 760 million, showing a 20.9% year-to-date gain.  
- MINIMAX-WP (00100) dropped 14.38% on a trading volume of HKD 2.27 billion, yet has surged 356.7% this year, while Zhiyuan (02513) fell 10.75% with a trading volume of HKD 1.68 billion, maintaining a year-to-date increase of 382.4%.

BEKE-W

CONCH CEMENT

HSBC HOLDINGS

KNOWLEDGE ATLAS

MONTAGE TECH

HORIZONROBOT-W

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

000001

600585

The Shangai Composite Index went up by 30 points or 0.72 percent on Wednesday to close at 4147 points.The rise was led by Inner Mongolia BaoTou Steel (10.15%), Anhui Conch Cement (5.74%) and Aluminum Corporation of China (4.40%).On the downside, the weakerst performers were China International (-3.83%), China Coal (-1.80%) and Huatai Securities (-1.68%).

Trading Economics

SSE Index

The Shangai Composite Index Closes 0.72% Higher

BYDDY

The National Bureau of Statistics report shows that in January, the PPI rose by 0.4% month-on-month, marking an increase for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month. Key features include: the construction of a unified national market driving price increases in certain industries, increased demand leading to price rises in related industries, and input factors affecting the divergence in price trends. Specifically, the prices of cement and lithium-ion battery manufacturing both increased by 0.1%, photovoltaic equipment prices rose by 1.9%, and computer communication equipment prices increased by 0.5%. The rise in international non-ferrous metal prices has driven up prices in related domestic industries

BYD Company

BYD COMPANY

CATL

Jinkosolar

BYD Company Limited

Guotai CSI All Share building Materials ETF

CNBM

ZIJIN MINING

Jinko Solar

E Fund CSI All Share Building Materials ETF

Tongwei Co.,Ltd

JIANGXI COPPER

Fullgoal CSI All Share Building Materials ETF

CSCEC

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

BIALUCO@EC2610A(26565.HK)

Top 5 HK Stock Gainers/Losers (>100B) (3.6)

"Critical point" approaching! JP Morgan: The chaos in the Middle East has caused a substantial supply shock, and aluminum prices are aiming for $4,000!

Aluminum prices soar to a new high since 2022, Bahrain Aluminum suspends partial deliveries citing force majeure

Top 5 HK Stock Gainers/Losers (>100B) (3.4)

ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home