SMM Morning Comment: Alumina Spot Prices Likely to Decline Further Amid Rising Supply

Publicado: Jan 13, 2025 08:56
[SMM Morning Comment on Alumina: Domestic Spot Alumina Supply Increases, Spot Prices Expected to Continue Declining in the Short Term] Recently, the weekly operating rate of alumina has continued to increase slightly, while demand remains relatively stable. With low-price transactions gradually emerging in the market, some suppliers have become more active in selling, leading to an increase in the circulation of spot alumina in the market. Spot transactions have seen a larger discount compared 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 slightly surplus pattern, and spot alumina prices may continue their downward trend in the short term.

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