SMM Morning Comment: Alumina Operating Rates Stable, Downstream Demand Declines, Prices Fluctuate

Publicado: Dec 25, 2024 09:02
SMM Morning Comment on Alumina: Domestic alumina operating rates remained largely stable, while downstream demand saw a slight decline due to production cuts in Southwest China. The previously tight alumina supply has somewhat improved. Recently, spot alumina transactions have been relatively sluggish, with the transaction price center for sporadic spot alumina deals moving slightly lower compared to earlier levels. Spot alumina prices in Shanxi and Henan experienced a slight correction. The spot alumina market has not yet shown significant supply easing, but downstream buyers exhibit strong resistance to high prices and remain cautious in procurement. In the short term, spot alumina prices are expected to undergo fluctuating adjustments.

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SMM Morning Comment on Alumina: Domestic alumina operating rates remai - Shanghai Metals Market (SMM)