According to the Commodity Market Analysis System of Business Society, as of April 7th, the average price of alumina in the market was 3470 yuan/ton, and on March 28th, the average price of alumina in the market was 3473 yuan/ton, a decrease of 0.1% from last week.

In terms of cost

The upstream bauxite of alumina maintains an upward trend. Guinea is gradually stabilizing, and the supply of goods is steadily increasing. There is no significant relaxation of mining control in the Jin Yu region of China, and domestic mining sources still maintain 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 has slightly decreased this week, mainly due to weather and planned maintenance. The scale of reduction in alumina production in the southern region has increased, which is 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 is a certain buffer for the supply changes caused by the reduction in production in the south.

On the demand side, the resumption of electrolytic aluminum production in Yunnan region in March is expected to be around 140000 tons/year, with slower than expected growth.

Future Market Forecast

The scale of resuming production of alumina in the northern region continues to expand, and spot prices are gradually becoming more relaxed. The Southwest region is experiencing a period of tight supply and regional tension. Maintain short-term fluctuations in alumina prices.