【SMM Morning Commentary on Alumina: Focus on Long-term Contract Delivery in Upstream and Downstream; Alumina Prices Maintain Stable Operation under a Tightly Balanced Supply-demand Pattern】In recent days, some traders have entered the market to purchase spot goods in order to deliver long-term contracts, with prices remaining stable as the main trend. On the supply side, as some newly added capacity and revived capacity gradually enter the production stage, the spot supply of alumina will be more relaxed than before. Meanwhile, on the demand side, the Inner Mongolia Huayun Phase 3 project has been gradually powered up and achieved full capacity, and the previously renovated projects in Sichuan will also gradually resume production. SMM expects that by the end of July, China's annualized operating capacity of electrolytic aluminum will increase by 153,000 tons compared with the previous month, indicating a stable to positive trend in overall demand for alumina. Under the trend of double growth in supply and demand fundamentals, SMM believes that...
데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.