SMM Weekly Alumina Review: Spot Prices Decline, Operating Rate Rises; Short-Term Downtrend Persists

Publicado: Jan 9, 2025 16:14
[SMM Weekly Alumina Review: Spot Prices Decline Further, Weekly Operating Rate Rises Again, Short-Term Spot Price Downtrend May Continue] This week, the weekly operating rate of alumina saw a slight increase, while demand remained relatively stable. With reports of low-price transactions emerging in the market, some suppliers became more active in selling, leading to an increase in the circulation of spot alumina cargoes. Spot transactions saw a wider discount to online prices. In the short term, some alumina capacity in Shanxi is expected to resume production, with supply anticipated to increase. On the demand side, aluminum operating rates remain relatively stable. The fundamentals of alumina are expected to maintain a slight surplus, and spot alumina prices may continue their downward trend in the short term.

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