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China's aluminum can up 63 percent agency expects 23 years of aluminum can prices still upward to maintain high

China aluminum can (06898) ushered in volume rebound, near the afternoon up about 63 percent. Shen Wan Hongyuan latest pointed out that the expected 23 years of aluminum can prices are still in year-on-year upward channel, maintain high. China aluminum can is mainly engaged in the manufacture and sale of single aluminum aerosol tank. At the time of writing, China Aluminum Can was up 62.86 per cent at HK $0.57, with a market capitalisation of HK $514 million.

Recently, data from the International Association of Aluminum Aerosol Canister Manufacturers (AEROBAL) showed that global shipments of aluminum aerosol canisters increased by 6.8 percent year-on-year to nearly 6 million in 2022. Last week, Shen Wan Hongyuan pointed out that energy costs are rising, supply and demand are tight balance, aluminum prices are high volatility, is expected to 23 years aluminum can prices are still in year-on-year upward channel, maintain high. China Aluminum Tank is mainly engaged in the manufacture and sale of single piece aluminum aerosol tank, single piece aluminum aerosol tank is generally used for packaging rapid consumption personal care products and medical products. In the first half of 2022, the company generated HK $113 million in revenue and HK $13 million in net profit to the mother.


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