Alumina Market Tightens: Spot Prices Forecast to Stay Elevated and Volatile Amid Strong Fundamentals and Futures Arbitrage Opportunities

Publicado: Aug 29, 2024 08:57
[SMM Morning Commentary on Alumina: Market Focuses Highly on Alumina, and the Spot Price of Alumina May Remain High and Volatile in the Short Term] As some newly-invested alumina production capacities have begun to feed materials and some alumina production capacities in various provinces have resumed operations, the fundamentals of alumina have gradually shifted towards a relatively balanced supply and demand. However, the futures price of alumina rose in the previous period, opening up the arbitrage window between alumina futures and spot prices, and increasing the demand for delivery products. Some high-priced transactions emerged in the market, driving up the price of SMM alumina index...

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[SMM Morning Commentary on Alumina: Market Focuses Highly on Alumina, - Shanghai Metals Market (SMM)