As of August 28th, there has been no significant change in the alumina market’s operational status. The built production capacity for alumina in China is 10.28million tons, with operational capacity at 8.795 million tons, resulting in an operational rate of 85.55%.
This week, alumina market transactions have been mainly concentrated in Shanxi and Henan regions. Following the initial reports of spot transactions at 3,950 RMB/ton in Shanxi and 3,990 RMB/ton in Henan earlier in the week, another spot transaction was reported in Shanxi. In this deal, 10,000 tons of alumina were traded at an ex-factory price of 3,980 RMB/ton, involving traders and downstream aluminum plants in the northwest region.
Currently, some suppliers are maintaining firm pricing for spot alumina. Downstream electrolytic aluminum producers are engaging in moderate, essential purchases. As a result, alumina prices are expected to remain firm. In the short term, the price of domestically produced alumina in China is likely to experience a slight increase.
