Alumina Market Shifts Towards Balanced Supply-Demand, Short-term Spot Prices Fluctuate at Elevated Levels

Publicado: Aug 23, 2024 09:19
[SMM Morning Commentary on Alumina: Fundamentals Gradually Shifting to a Relatively Balanced Supply-Demand Scenario, with Short-term Alumina Spot Prices Likely to Fluctuate at High Levels] With the commissioning of new alumina production capacities and the resumption of some alumina capacities, the domestic alumina operating capacity has now reached 85.49 million tons, gradually shifting the alumina fundamentals towards a relatively balanced supply-demand scenario. However, as alumina futures prices rose earlier, opening the arbitrage window between futures and spot alumina, the demand for delivery products increased, leading to some high-price transactions in the market, which in turn drove up the SMM alumina index price slightly. But currently...

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn
[SMM Morning Commentary on Alumina: Fundamentals Gradually Shifting to - Shanghai Metals Market (SMM)