Changes in Hong Kong stocks | Aluminum stocks are collectively rising, the Middle East's geopolitical risk premiums are rising, and the speed of domestic inventory removal remains at a high level

The Zhitong Finance App learned that aluminum stocks rose collectively. As of press release, Innovation Industry (02788) rose 5.93% to HK$17.5; Aluminum (02600) rose 5.91% to HK$8.6; and China Hongqiao (01378) rose 5.35% to HK$22.38.

According to the news, the US military launched attacks on Iran for the 12th consecutive night. After “naming” Iran's “Haoshan” underground nuclear facility twice recently, US President Trump posted on social media that from now on, every time Iran fires on a ship in the Strait of Hormuz, the US will bomb and destroy an Iranian bridge or power plant. Cinda Futures believes that with the US and Iran cracking down on and resuming the maritime blockade, the Middle East's damaged production capacity is expected to continue to be delayed, and the supply gap is being maintained. In the short term, the sustainability of inventory removal and geo-risk premiums provide bottom support.

Guohai Securities believes that in the short term, aluminum companies' mid-term reports have been revealed one after another, and their performance is impressive. The situation between the US and Iran is repeated, negotiations are not progressing smoothly, and the geographical risk premium in the Middle East is rising. On the demand side, export demand is expected to be good. It may maintain month-on-month growth in June-July, and the domestic inventory removal rate will remain at a high level. In the long run, supply growth in the aluminum industry has been limited in the long term, and demand still has growth points. The industry may maintain a high boom and maintain the aluminum industry's “recommended” rating.