SMM Morning Comment: Alumina Prices Weaken, Short-Term Downward Trend Expected to Continue

Publicado: Jan 16, 2025 08:59
[SMM Morning Comment on Alumina: Alumina Futures and Spot Prices Weaken, Short-Term Downward Trend Likely to Persist] 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 availability of spot alumina in circulation and a wider discount in spot transactions 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 are likely to continue their downward trend in the short term.

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[SMM Morning Comment on Alumina: Alumina Futures and Spot Prices Weake - Shanghai Metals Market (SMM)