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NANSHAN AL INTL: 2024 Annual Report
Shandong Nanshan Aluminium International (02610.HK) partially exercised the over-allotment right, conducted price stabilization actions, and the price stabilization period has ended.
On April 22, Glonghui announced that Shandong Nanshan Aluminium International (02610.HK) had partially exercised the over-allotment option mentioned in the prospectus by the exclusive global coordinator on April 19, 2025 (Saturday) at HKD 26.60 per share (excluding 1.0% brokerage commission, 0.0027% Securities and Futures Commission transaction levy, 0.00015% Financial Services and the Treasury Bureau transaction levy, and 0.00565% Hong Kong Stock Exchange trading fee), involving a total of 1,199,900 shares, which represents approximately 1.36% of the total number of shares available for subscription under the global offering (excluding the over-allotment option).
Commodity Prices Forecast to Fall in Coming Quarters, Weighed Down by Tariff Volatility, Westpac Says
Aluminum stocks are strong. PANASIALUM (02078) rises by 12.50%. Institutions expect that aluminum ingots and aluminum bars will continue to deplete inventories, supporting aluminum prices.
Gold News | The aluminum stocks are strong, PANASIALUM (02078) rose by 12.50%, RUSAL (00486) rose by 7.02%, Aluminum Corporation Of China (02600) rose by 5.28%, Shandong Nanshan Aluminium International (02610) rose by 3.88%, CHINAHONGQIAO (01378) rose by 3.80%, XINGFA ALUM (00098) rose by 2.44%. In terms of news, Trump signed an executive order on April 2 local time to impose "reciprocal tariffs". Although aluminum products are already subject to tariffs under Section 232 and do not need to pay reciprocal tariffs, downstream consumption may be affected by the reciprocal tariff policy, impacting overall aluminum prices.
Most Aluminum stocks rose, CHINAHONGQIAO (01378) increased by 4.26%. Institutions indicate that as the peak demand season deepens, Aluminum prices may perform even better.
Jinwu Financial News | Most aluminum stocks rose, with CHINAHONGQIAO (01378) up 4.26%, Shandong Nanshan Aluminium International (02610) up 2.38%, and RUSAL (00486) up 0.57%. Sealand released a Research Report stating that in the short term, the tariff policy has intensified concerns about the economy, leading to significant market risk aversion, and overseas aluminum prices have dropped significantly, putting some pressure on the Industry; while the domestic peak season inventory reduction continues, and the fundamentals remain relatively strong. As the tariff risks are released, a sustained "inventory reduction + price increase" is expected. Regarding alumina, with the increase in bauxite imports and the release of alumina production capacity, the supply and demand of alumina are continuing to evolve.
Base Metals Lower as Economic Growth Risks Weigh -- Market Talk