SunSirs: The Spot Market Activity Was Low, and the Price of Aluminum oxide Had Slightly Declined
March 19 2024 15:29:02 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of March 15th, the average price of aluminum oxide in the market was 3,473 RMB/ton, and on March 8th, the average price of aluminum oxide in the market was 3,483 RMB/ton, a decrease of 0.29% compared to last week.
Analysis review
In terms of cost
There was temporarily no news of resuming production of bauxite in Shanxi and Henan, and the supply of bauxite in Shanxi and Henan was expected to remain tight in the short term. But the market's expectation of mining starting in March had strengthened. Aluminum oxide plants in Shanxi and Henan regions had successively raised the long-term purchase prices of liquid alkali in March.
In terms of supply and demand
The resumption of production in some aluminum oxide plants had been promoted, and the operating rate of aluminum oxide had been increased. Due to the average activity of the aluminum oxide spot market, the market price of aluminum oxide in some provinces had been lowered again.
Market outlook
In the future, continuous attention should be paid to the expected resumption of production of aluminum oxide plants in the Jin Yu region and the recent arrival of imported aluminum oxide at the port. In the short term, it may mainly operate with fluctuations.
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- 2024-04-28 SunSirs: Aluminum Oxide Spot Prices Continued to Rise
- 2024-04-09 SunSirs: The Downstream Production Resumption of Aluminum oxide Was Slow, and the Prices Fluctuated and Adjusted
- 2024-04-02 SunSirs: The Supply Side of Aluminum Oxide Was Tight, and This Week's Prices Were Mainly Adjusted
- 2024-02-23 SunSirs: After the Holiday, the Cost Support for Alumina Was Strong, and the Tight Supply and Demand Pattern Remained Unchanged
