Domestic Alumina Spot Market Sluggish, Overseas Prices Rise; Supply-Demand Dynamics Shift with Capacity Adjustments

Publicado: Sep 12, 2024 09:24
[SMM Early Morning Comment on Alumina: Limited Spot Transactions of Domestic Alumina, Overseas Alumina Transaction Prices Rise Again] The domestic alumina spot market transactions are relatively sluggish, with only occasional restocking by electrolytic aluminum plants to meet rigid demand. On the demand side, the operating capacity of electrolytic aluminum has peaked, and may remain stable in the short term, thus the overall demand for alumina remains stable. On the supply side, several northern regions have seen production cuts due to ore issues and equipment maintenance, resulting in reduced supply. However, as time goes on, some alumina capacity will gradually enter the market with the resumption of alumina production and new investments. In the short term, the fundamentals of alumina may experience supply...

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