On Monday February 13, 2017, the Hang Seng index opened 89.53 points, 23664.53 points in the opening. The opening 2 minutes fast back, at 9:32 level fell to 23617.90, down 46.63 points, and the shock to the 10:09; and then launched the biggest wave of increases in the 11:23 pulled up to the day's high of 23751.92, and this point has been down, dip to 23642.6 at 14:05 p.m.. Then the way to HSI leather, and close to the day time closing high of 23710.98 points; full day volatility of 136.53 points, up 136 points, or 0.58%, turnover of HK $90 billion 797 million, is nearly a week turnover of second times more than 90 billion; the last time on Thursday, turnover of 95 billion 900 million yuan. The recent social media, there are many articles review, focusing on the volume of Hong Kong stocks is a significant volume.

In today's forum contribution, bank edition piece turnover of nearly 9 billion dollars, or 1% insurance industry; Industry Forum turnover of nearly 6 billion 100 million, or 0.9%; utilities industry turnover of nearly 4 billion, or 1.22%; a bull market rose significantly the information technology industry forum, a decline of 3.14%, turnover of 1 billion 225 million. Like the dot.com shares of mainland investors must attach great importance to the difference of hot section of the current round of market.

State-owned enterprises index closed at 10257.84 points, up 132.63 points, or 1.31%; the red chip index closed at 3943.73 points, up 23.55 points, or 0.60%; Hong Kong GEM index closed at 475.68 points, up 1.86 points, or 0.393%; A stocks continued to be weak in Hong Kong stocks, stock index rose 0.63%, Shenzhen component index rose 0.83%.

The 10 antenna 23397, 50 antenna 22684250 antenna 221774. The average current system is very beautiful, short, and long-term average upward divergence in turn. The big city selling rate of 9.52% to 19.3%, the proportion of short selling index. The Hang Seng Index Futures (market) in February 76 points lower water.
 

The 10 antenna 23397, 50 antenna 22684250 antenna 221774. The average current system is very beautiful, short, and long-term average upward divergence in turn. The big city selling rate of 9.52% to 19.3%, the proportion of short selling index. The Hang Seng Index Futures (market) in February 76 points lower water.

From a technical point of view, once repeatedly on the 10 day, the 20 day and the 50 antenna, that potential continues to be rising clear, so the city to continue to remain strong, the first condition is required in February 6th 10 more antennas and stay on it, otherwise, even if the market still be ready to shock. In September last year, a record 9 and 24364 points for the highest point in 2016, will be the next stage to consider the HSI upside target.

The peripheral market, europe. Britain's FTSE 100 closed at 7278.92, up by 0.28%; German DAX30, closing at $11775.25, or $0.93%, France CAC40, closed at 4885.80, up by 1.19%.

The external market, the u.s.. The Dow Jones Industrial Average closed at 20412.16, up $0.7%, the Nasdaq composite index closed at 5763.96, up by 0.52%; S & P, to close at 2329.05, up by 0.56%. U.S. stocks closed higher for 3 consecutive days, the S & P market capitalization topped $20 trillion for the first time. The disk, bank credit, metal mining and aviation company led the market. The market also has a high degree of concern.

Commodity market summary. Brent crude index at 56.2, down 1.73%; COMEX April gold futures fell $10.10, the biggest one-day drop since January 25th 0.8%, at $1225.8 / ounce.

Stocks: China aluminum industry began to recover the leading enterprises

China nonferrous metals industry leading enterprises

Chinese aluminum, on September 10, 2001 in Chinese incorporated, the controlling shareholder is a direct line to the SASAC management of Aluminium Corp. The company's shares were listed on the New York Stock Exchange (ticker symbol: ACH), the Hongkong Stock Exchange (Stock Code: 2600) and the Shanghai Stock Exchange (Stock Code: 601600) to be listed on the stock exchange.

The company is Chinese nonferrous metals industry leading enterprises, the comprehensive strength among the global aluminum industry forefront, is also Chinese aluminum industry only set bauxite and coal resources exploration and mining, alumina, primary aluminum and Aluminum Alloy products production, sales, technology development, international trade, logistics in one large group the whole industry chain of enterprises.

Alumina industry began to recover in 2016

Due to large-scale asset impairment and the international aluminum prices fell too fast and other reasons, China aluminum in 2014 the huge loss of 16 billion 300 million, had a record of Chinese A shares history. Since then, in 2015, profitability, net profit of 424 million.As China's semi-finished aluminum products, the international price of alumina in 2016 began to recover. The domestic market, due to the end of 2015 the price of aluminum alumina prices fell to low fell dragged for many years, electrolytic aluminum plant trapped in financial pressure and market low-cost operation is expected to lower alumina inventory to the low level, large-scale production of alumina enterprises. After entering 2016, alumina prices stabilized stabilized, the lowest price is 1540 yuan / ton in early January 2016; and after the Spring Festival thanks to the electrolytic aluminum prices and electrolytic aluminum enterprises increased demand for alumina prices rise significantly, until May the highest price of 2080 yuan / ton. The effect of alumina production complex, alumina prices fall. The first half of 2016, the average price of domestic alumina was 1847 yuan / ton, compared with the same period last year fell by 28.32%.

The company is China's largest alumina production enterprises, the world's second largest alumina producer, alumina is one of the company's leading products, has been occupying the leading position in the domestic alumina production. In 2015, for example, when the company realized gross profit of 4 billion 300 million yuan, of which the alumina revenue and gross profit were $33 billion 100 million and $3 billion 300 million, the company's main source of maori.

Some analysts believe that in the current tight balance between supply and demand of the supply and demand pattern of the alumina industry, is expected to 16 years a shortage of 1 million 300 thousand tons, basically the same as in 2017; at the same time the cost of alumina end rising (coal prices rose 95%, prices rose 84%, liquid) it is expected that the price of alumina or will continue to rise.

The company's aluminum plate bauxite self-sufficiency rate of above 50%, production capacity of 16 million 900 thousand tons of alumina production of 13 million 300 thousand tons, accounting for 23% of the China, scale advantages; bauxite self-sufficiency rate of 50%, with 7 million tons of alumina to benefit from rising prices, therefore, the company performance elasticity; with analyst estimates, the alumina price (excluding tax) each rose 100 yuan, taking into account the impact of the tax, 500 million yuan performance is expected to thickening.

GDB tracking data show that since the end of July 2016, the rapid rebound in the price of alumina, from July 25th 1710 yuan / ton rose to 2860 yuan / ton in early December, a 67% increase, the reasons for rising prices are as follows: 1) the tight balance between supply and demand. According to the analysis of the Chinese alumina supply and demand, the estimated 2016 shortage of 1 million 300 thousand tons (alumina industry accounted for the proportion of supply is 2%), next year is about 40 thousand tons (accounting for the excess supply of production in the 0% or so), so the judgment of alumina market basically in a tight balance between supply and demand state. 2) rising costs. Bauxite, coal and liquid is the main raw material and energy in alumina production, coal prices are beginning to rise by about 95%, liquid price rises to 84% so far this year.

Improved performance in the third quarter of 2016 continue to be verifie

Following the 2015 and the first half of 2016 to achieve profitability, the company continued to profit in the third quarter of October 2016. China Aluminum released report shows that the three quarter operating activities generated cash flow of $7 billion 400 million, a substantial increase of up to 138%, indicating that its overall operating conditions have been significantly improved. The three quarter of 2016 to achieve a total profit of $300 million; 1-9 month profit of $800 million, compared with the same period last year, a loss of about 1 billion rose sharply. With the current aluminum prices relatively stable, China aluminum four quarter results are expected to be more dazzling

Substantial improvement in the operation of aluminum, cost control is also beyond expectations. According to reports, the group since 2014, the number of employees decreased from 90 thousand to 46 thousand, the average cost of electricity decreased by about 40% in the first half of this year, electrolytic aluminum manufacturing costs fell by about 20%.

The Hong Kong Stock Exchange latest data show that the major shareholder of the company Black Rock Global Funds in November 14, 2016, the holdings of long positions 8 million 288 thousand shares at a cost of HK $27 million 731 thousand and 648, the average transaction price of HK $3.346, the highest closing price of HK $3.357. After the change holds 240 million 780 thousand shares of equity, the company issued shares accounted for more than 6.11%.

Stock prices rise in the future can be expected

The company's share price from November 4, 2016 2.91 yuan (HK $, ex dividend price, the same below), rose to 3.74 yuan in November 25, 2016, an increase of about 28.5%. Then, callback to 3.08 yuan in December 20th, the callback rate of about 17.8%. After the adjustment, the aluminum rally to 4.35 yuan leather at. After the break, the next target is 5 yuan, or 15% increase.