This week, the domestic alumina spot price showed a slight upward trend. After the National Day holiday, the slightly lower transaction volume caused by the unclear market trend and the fear of electrolytic aluminum production caused a slight increase in the daily volume. Aladdin understands that from the beginning of this week Part of the transaction is accepted to the current basic spot exchange. The pure spot transaction volume we have at 2750 yuan/ton is at least 150,000 tons. The alumina price will maintain a stable trend. By Friday, the domestic alumina comprehensive offer For the 2750-2800 yuan / ton, the price of imported alumina has not changed significantly in the near future, still between 2900-2950 yuan / ton, the domestic spot weight of alumina is 2769.2 yuan, a week increase of 0.9%.
With the recent increase in transaction volume, it is understood that the current inventory of alumina companies in China is at a low level, the spot supply is tight, and the price of electrolytic aluminum is rising. These all provide support for alumina prices. We believe that the market outlook Alumina spot prices still have room to rise, but due to the recent intensive trading volume and tight supply, the volume of transactions will be relatively reduced in the next period.
The focus of the recent market is still on the actual production reduction of electrolytic aluminum in various regions, especially in Henan Province, and the supply and demand changes brought about by the new alumina production capacity. At the same time, as the aluminum price continues to rise, we expect the alumina long-term execution next month. The price will rise above 2,750 yuan / ton, Chinalco to avoid the spot price of the spot and long single, or will increase the spot price of alumina. These are all important factors influencing alumina prices during the period. Aladdin believes that the steady trend of alumina prices will continue in the short term, and there is still the possibility of further increase under the current situation that supply has not been alleviated.
With the recent increase in transaction volume, it is understood that the current inventory of alumina companies in China is at a low level, the spot supply is tight, and the price of electrolytic aluminum is rising. These all provide support for alumina prices. We believe that the market outlook Alumina spot prices still have room to rise, but due to the recent intensive trading volume and tight supply, the volume of transactions will be relatively reduced in the next period.
The focus of the recent market is still on the actual production reduction of electrolytic aluminum in various regions, especially in Henan Province, and the supply and demand changes brought about by the new alumina production capacity. At the same time, as the aluminum price continues to rise, we expect the alumina long-term execution next month. The price will rise above 2,750 yuan / ton, Chinalco to avoid the spot price of the spot and long single, or will increase the spot price of alumina. These are all important factors influencing alumina prices during the period. Aladdin believes that the steady trend of alumina prices will continue in the short term, and there is still the possibility of further increase under the current situation that supply has not been alleviated.
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