【SMM alumina morning review: Ore and environmental issues continue to pressure northern production capacity, spot prices remain stable】

In recent times, the supply side of the alumina market has continued to be disrupted, with ore and environmental issues having a particularly prominent impact on production capacity in the northern region. Due to the previous heavy snowfall affecting the shipment of some alumina, downstream aluminum smelters have shown an intention to increase their in-house inventory compared to the previous period. With the extreme weather from last week basically ending, the pressure on goods shipment in the northern region has been partially relieved. According to SMM research, spot alumina prices in Shanxi region vary depending on the efficiency of shipment for different companies. Overall, in the short term, the supply and demand in the domestic alumina market remains in a tight balance, and domestic spot prices are supported by various factors, with stability as the main focus.