【SMM Alumina Morning Review: No significant changes in supply and dema

Published: Feb 20, 2024 10:29

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【SMM Alumina Morning Review: No significant changes in supply and demand pattern after the holiday, spot prices remain stable】The first trading day after the holiday saw light trading in the alumina spot market, with companies mainly executing long orders. Overall, the domestic supply and demand pattern for alumina has not changed significantly compared to before the holiday. SMM expects short-term domestic spot prices to mainly fluctuate within a narrow range, and attention should be paid to the recent expectations of alumina production resumption in the Shanxi and Henan regions, as well as the recent import situation of alumina. In terms of futures, the previous macroeconomic bullish sentiment has waned, and there are no factors guiding the trend of the market, with short-term narrow range fluctuations dominating the market.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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