卓创资讯: Company maintenance and resumption of production coexist; pre-holiday aluminum oxide spot prices are likely to remain stable

As of February 5th, the average daily spot price of metallurgical-grade alumina is 2,617.5 yuan/ton, down 1.85% compared to the same period last month and down 31.88% compared to the same period last year. Currently, most domestic alumina producers are operating at a loss, with maintenance and resumption of production occurring simultaneously. Although most maintenance is routine or temporary, production capacity has decreased, and in some regions, spot supply has become temporarily tight, leading to a slight increase in single transaction prices. However, the fundamental supply and demand situation for spot alumina has not changed; overall, supply remains relatively ample. Downstream electrolytic aluminum plants’ long-term demand for alumina remains relatively stable, while spot spot transactions are average, and market participants are cautious. It is expected that before the holiday, domestic spot alumina prices will remain stable, with a price range of approximately 2,550-2,760 yuan/ton. (Zhuo Chuang Information)