SunSirs: The Supply Side of Aluminum Oxide Was Tight, and This Week's Prices Were Mainly Adjusted

Price trend

According to the commodity market analysis system of SunSirs, as of March 28th, the average price of aluminum oxide in the market was 3,473 RMB/ton, and on March 22nd, the average price of aluminum oxide in the market was 3,473 RMB/ton, which remained stable compared to last week.

Analysis review

In terms of cost

The impact of the strike in Guinea had weakened, and the transportation volume of bauxite had returned to normal after March. The heavy pollution weather in the northern region was weakening, and smelting profits were high. It is expected that some parts of Henan, Guizhou, and Guangxi will resume production.

In terms of supply and demand

The performance of the spot market was lackluster, with downstream electrolytic aluminum companies generally adopting a wait-and-see attitude. The market lacked consumer motivation and it was difficult to drive actual transactions, resulting in slightly lackluster transactions.

Market outlook

The supply side was still tight, while the demand side was temporarily relatively stable. The Southwest market was concerned about the early resumption of electrolytic aluminum production in Yunnan, and the short-term increase in demand provides certain support for the spot price of Southwest aluminum oxide. It is expected that the price of aluminum oxide will mainly fluctuate and adjust in the short term.

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