SunSirs: The Downstream Production Resumption of Aluminum oxide Was Slow, and the Prices Fluctuated and Adjusted
April 09 2024 15:42:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of aluminum oxide in the market was 3,470 RMB/ton, and on March 28th, the average price of aluminum oxide in the market was 3,473 RMB/ton, a decrease of 0.1% from last week.
Analysis review
In terms of cost
The upstream bauxite of aluminum oxide maintained an upward trend. Guinea was gradually stabilizing, and the supply of goods was steadily increasing. There was no significant relaxation of mining control in the Jin Yu region of China, and domestic mining sources still maintained a tight situation. Due to the arrival of the rainy season in Australia, there may be some interference at the mining end.
In terms of supply and demand
The capacity utilization rate had slightly decreased this week, mainly due to weather and planned maintenance. The scale of reduction in aluminum oxide production in the southern region had increased, which was in line with the tight supply of bauxite in the southern region; In contrast, the northern region steadily increased production with the addition of imported minerals. There was a certain buffer for the supply changes caused by the reduction in production in the south.
On the demand side, the expected resumption of electrolytic aluminum production in Yunnan in March was around 140,000 tons per year, with a slower than expected growth.
Market outlook
The scale of resuming production of aluminum oxide in the northern region continued to expand, and spot prices were gradually becoming more relaxed. The Southwest region was experiencing a period of tight supply and regional tension. In the short term, the price of alumina will mainly fluctuate.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-28 SunSirs: Aluminum Oxide Spot Prices Continued to Rise
- 2024-04-02 SunSirs: The Supply Side of Aluminum Oxide Was Tight, and This Week's Prices Were Mainly Adjusted
- 2024-03-19 SunSirs: The Spot Market Activity Was Low, and the Price of Aluminum oxide Had Slightly Declined
- 2024-02-23 SunSirs: After the Holiday, the Cost Support for Alumina Was Strong, and the Tight Supply and Demand Pattern Remained Unchanged
