【SMM Early Review of Alumina: Both Domestic and Overseas Alumina Price

Published: May 28, 2024 09:09

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【SMM Early Review of Alumina: Both Domestic and Overseas Alumina Prices Rise in Tandem, and Price Trend Adjustment Still Needs Further Fundamentals Guidance】Recently, there has been no news of massive resumption of production in the Zhoujinyi region, coupled with the shortage of supply in the overseas market, so it is difficult for the alumina supply to increase significantly in the short term. The demand side of Yunnan's resumption of production is steadily advancing, releasing demand for good news. The alumina market has recently been volatile at high levels, and the arbitrage space combined with the recent expansion of alumina delivery warehouses has brought some increment in demand for alumina futures. Overall, the current alumina market is weak in supply and strong in demand. It is expected that the spot price of alumina will remain strong in the short term, and the expectation of price decline still needs further guidance from bearish signals. We need to continue to pay attention to the progress of domestic ore resumption and the expected increase in production and resumption of alumina plants...

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