SMM Weekly Alumina Review: Spot Prices Decline Rapidly, Overseas Prices Drop Less Than Domestic

Publicado: Jan 23, 2025 16:15
[SMM Weekly Alumina Review: Spot Alumina Prices Accelerate Decline; Overseas Alumina Prices Drop but Less Than Domestic Prices] This week, the weekly operating rate of alumina continued to increase slightly, with no significant changes on the demand side. Low-priced spot transactions were frequently observed in the market, with a larger decline compared to earlier periods. In Henan, the spot transaction price on Thursday was 4,050 yuan/mt, down 830 yuan/mt from last Thursday's price of 4,880 yuan/mt. However, as of now, alumina capacity has not yet entered a large-scale loss-making phase. It is expected that alumina supply will maintain a high operating rate in the short term, with the supply and demand fundamentals remaining in a slightly surplus state. Overall, spot alumina prices are expected to continue their downward trend in the short term. Close attention should be paid to bauxite transaction prices, alumina costs, and overseas spot alumina prices in the near future.

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