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HSBC Global Research has released a report noting that although CHINAHONGQIAO (01378.HK) and CHALCO (02600.HK) have the strongest fundamentals, supply is expected to be tight in value next year, and any disruption could easily turn supply into a shortage and lead to price spikes. In addition, demand is closely tied to the energy...
Recommend
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Positive
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The China Federation of Logistics and Purchasing (CFLP) released the October Commodity Price Index at 113.4, marking a MoM growth of 3%, indicating improved market supply and demand as well as accelerated business production activities.Specifically, the rise in the price index was mainly attributed to the widespread increase in ...
Recommend
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Positive
14
Negative
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CHALCO (02600.HK)'s 3Q24 earnings grew only 3.3%. The stock opened 5.06% lower before its decline widened in the early session today (30th), and bottomed at $4.77, logging an over-1-month low. It last printed at $4.82, plunging 12.84%, with 45.306 million shares traded, involving $224 million.CHALCO's 9M24 earnings incre...
Recommend
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Positive
89
Negative
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Fitch Ratings anticipated that the real estate stimulus measures recently announced by China will help stabilize demand for basic materials, boost producers' confidence, and enable more reasonable pricing. However, still-weak downstream demand and the lack of significant capacity exits will suppress price recovery.The steel ...
Recommend
15
Positive
21
Negative
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Jin Zhuanglong, China's Minister of Industry and Information Technology, hosted a business symposium for manufacturing enterprises emphasizing the need to spare no effort on works in 4Q24 to keep key industries running steadily and developing in a high quality manner, so as to better assist the sustained rebound of China'...
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Positive
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Positive
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Positive
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