According to the commodity market analysis system of Business Society, as of May 24th, the average price of alumina in the market was 3806 yuan/ton, and on May 17th, the average price of alumina in the market was 3800 yuan/ton, an increase of 0.18% compared to last week.

In terms of cost

Although the policy for bauxite mining in Shanxi has been relaxed, the resumption of bauxite production is not optimistic, mainly due to the complex mining conditions in Shanxi. The instability of supply from overseas producers to two alumina plants in Queensland, Australia has intensified market concerns, further boosting the surge in alumina prices.

In terms of supply and demand

The alumina market has a good trading enthusiasm and an active trading atmosphere. Downstream enterprises actively pursue high replenishment, which has driven a significant increase in spot trading volume. This week, the spot supply in the Shanxi market continued to be tight, with tight spot supply and frequent transactions between intermediaries. The demand for physical electrolytic aluminum replenishment is urgent.

Future Market Forecast

At present, alumina futures continue to fluctuate at high levels, and there are still a large number of alumina orders waiting to be shipped to the delivery warehouse of the previous exchange, continuing to squeeze the physical supply of electrolytic aluminum. The high alumina production period is expected to continue, and the comprehensive resumption of domestic bauxite production will have an impact on the adjustment of alumina prices.