SMM5 March 17, this Friday SMM alumina region weighted price of 2206 yuan / ton, slightly lower than last Friday 3 yuan / ton. During the week, the market trading price was relatively deadlocked, and the electrolytic aluminum factory had a strong wait-and-see mood and was in no hurry to procure. at the same time, alumina plants and holding traders were forced to approach the buyer's psychological price, but the transaction was still light, and the scale was just about to be closed. The market-making and trading price in the northern region is concentrated at 2200 RMB2250 / ton. As of today, the price of SMM alumina in Shanxi is 2230 yuan / ton, Henan is 2200 yuan / ton, Shandong is 2150Mel 2200 / ton, Guangxi is 2190mur2200 / ton, Guizhou is 2220 yuan / ton.
Figure 1. Price trend of alumina in four places
Source: SMM
For the future, we believe that although market trading temporarily maintains the market price within a week, the spot price of alumina may have reached its peak and may decline slightly in the short term. First of all, from the demand side, the downstream purchasing intention is poor, and it is difficult to wait and see. It is difficult to promote a sustained rise in prices; at the same time, the recent operation of supply-end alumina remains stable, and overseas low-price transactions and arrival in Hong Kong continue to suppress domestic prices. Continuous attention should be paid to the raw material inventory and cash flow level of electrolytic aluminum plants, as well as changes in overseas alumina imports and prices.
(SMM Li Hao 021Mui 5166 6863)
An epidemic disrupts the production and operation rhythm of the aluminum industry. After the end of the epidemic, will the industry usher in explosive growth, whether the downstream demand for aluminum will rebound with the resumption of industry and industry, and whether the balance of supply and demand in the aluminum market will change as a result of this epidemic in 2020. How will the trend of aluminum prices evolve in the future? Welcome to the "2020 (15th) China International Aluminum processing Summit" to discuss your topics with industry experts, corporate bigwigs, industry elites and senior SMM analysts. In addition, the epidemic has restrained the operation of enterprises, and the development of the industry needs to be warmed up even more. SMM provides you with a professional circle and invites customers from the upper and lower reaches of the industrial chain to get together. It is also hoped that it can provide opportunities for the market expansion, the establishment of contacts and the excavation of business opportunities for enterprises to forge ahead and win by counterattack.
Click to register: "2020 (15th) China International Aluminum processing Summit"
Scan the QR code, apply for participation or join the SMM metal exchange group
