SunSirs: Demand Was Expected to Improve, and Aluminum Oxide Prices Operated Strongly

https://www.chemnet.com   May 22,2024 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, as of May 17th, the average price of aluminum oxide in the market was 3,800 RMB/ton, and on May 10th, the average price of aluminum oxide in the market was 3,616 RMB/ton, an increase of 5.07% compared to last week.

　　Analysis review

　　In terms of cost

　　Before the mine fully resumed production, the supply of aluminum oxide would be restricted, which provided support for prices.

　　In terms of supply and demand

　　As of May 17th, the profitability level of aluminum plants was generally good. In the context of scarce raw material ores, aluminum plants had the ability to transfer some profits to aluminum oxide plants to ensure the stability of raw material supply. The 500,000 tons of electrolytic aluminum production capacity that had not resumed production in Yunnan also provided an expected increase in demand for aluminum oxide.

　　Market outlook

　　Due to the shortage of raw materials and the expected increase in demand, it is expected that the strength of aluminum oxide may continue until June.

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