Publié: Dec 11, 2023 16:31
SMM Analysis: Aluminum oxide prices in November stabilize after downward trend, likely to remain in narrow fluctuations amid bull-bear contention. Overall, on the supply side, aluminum oxide production in November was frequently disrupted by environmental protection, maintenance, and tight ore supply issues. Along with the decrease in caustic soda prices and the restoration of profit margins, aluminum oxide producers' willingness to maintain high and stable production is hindered by the ore supply problems. On the demand side, the reduction of electrolytic aluminum production in Yunnan has basically ended, and there are no major changes in demand in the short term. The trend of spot prices lacks guidance from supply and demand contradictions. SMM predicts that, in the absence of obvious supply and demand contradictions, domestic spot prices will remain stable. However, in recent days, there have been frequent inquiries about the supply of goods from Xinjiang's delivery warehouse. It is necessary to pay attention to the subsequent warehouse receipt trading situation and price trends…

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SMM Analysis: Aluminum oxide prices in November stabilize after downwa - Shanghai Metals Market (SMM)