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Aluminum oxide News
SunSirs: After the Holiday, the Cost Support for Alumina Was Strong, and the Tight Supply and Demand Pattern Remained Unchanged
February 23 2024 10:02:02SunSirs(John)

Price trend

According to the commodity market analysis system of SunSirs, as of February 22, the average price of Aluminum oxide in the market was 3,483 RMB/ton, and on February 15, the average price of Aluminum oxide in the market was 3,466 RMB/ton, an increase of 0.48% compared to last week.

Analysis review

In terms of cost

The ore provided strong support for the price of Aluminum oxide, and the probability of re mining at the Shanxi mining end in the short term was not high.

In terms of supply and demand

The supply and demand of Aluminum oxide were still tight. During the Spring Festival holiday, most domestic Aluminum oxide enterprises had normalized their production without stopping, and the shortage of ore had limited the production of Aluminum oxide enterprises in some regions. There were also reports that equipment maintenance at a large aluminum oxide plant in Southwest China will exacerbate the tense situation of aluminum oxide supply. The demand side was relatively stable, and the electrolytic aluminum industry maintained stable operation.

Market outlook

In the past two weeks, the shipping schedule for imported ore had returned to normal, and it is expected that the imported ore will gradually improve, with limited short-term overseas impact. After mid March, mining production policies may become clear, and domestic ore supply is expected to ease to some extent.

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