【SMM alumina morning review: Overall supply tightens in northern regions. Alumina long positions increased in overnight trading, closing up 1.42%】

In recent days, some alumina plants in Shanxi have reduced production due to unstable ore supply, while some plants in Shandong have limited calcination capacity due to environmental issues. This has caused overall supply tightening in northern regions, with strong reluctance to sell from alumina companies and firm quoted prices. SMM predicts that domestic spot prices may remain strong in the short term.

In terms of futures, market sentiment has eased somewhat following the explosion at a Guinean oil depot this week. However, tight domestic ore supply and environmental issues affecting production at some northern alumina plants have provided support to the alumina market. In overnight trading, long positions in alumina increased, closing up 1.42%. More updates to follow...