【SMM Analysis: Imports of Alumina in August increased by 94.56% year-on-year, and Saudi Arabia entered the top three importers for the first time】Currently, the tight supply-demand balance of domestic alumina and the continuous rebound of coal and caustic soda support the stable and slightly strong operation of domestic alumina prices. Since mid-August, overseas alumina prices have been stable and stable, and the current FOB price of alumina in Western Australia is stable at 342 US dollars/ton. Combined with the appreciation of RMB against the US dollar, the loss of alumina imports is gradually narrowing. As of September 22, the loss of alumina imports narrowed from 134.06 yuan/ton on September 8 to 104.62 yuan/ton. However, due to the current high price of domestic alumina, the profit of alumina has been gradually restored, and under the premise of stable ore supply, enterprises have strong willingness to produce stably and highly, and there is no large increase in demand, and the background of downstream just-in-time procurement, the import advantage of overseas alumina may be weakened.
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