According to the commodity market analysis system of Shengyishe, as of March 22, the average price of alumina in the market was 3473 yuan/ton, and on March 18, the average price of alumina in the market was 3473 yuan/ton, which remained stable compared to last week.

In terms of cost

At present, mining enterprises in Shanxi, Henan and other regions are actively promoting the resumption of mine production with the cooperation of the government. It is expected that mining production in the Shanxi region will gradually resume by the end of this month. If the domestic ore supply in Shanxi region improves, it will further promote the resumption of production of alumina enterprises in Shanxi and Henan.

In terms of supply and demand

The news of Yunnan aluminum enterprises resuming production has been announced, and the annual consumption increment of alumina driven by this resumption of production is about 1 million tons. Recently, mining production in Guizhou and Guangxi has gradually resumed, with over 1 million tons of alumina production capacity resuming in the region. The supply gap of alumina in the southwest region has not yet expanded, and spot prices are maintaining a tight balance. There are expectations for the release of production capacity on the demand side. On March 17th, relevant departments in Yunnan Province decided to release 800000 kilowatts of electricity load for the resumption of production of electrolytic aluminum enterprises. It is expected that the actual production capacity for this round of resumption will be around 400000 tons per year, and it is expected to be completed in mid April.

Post trend prediction

In recent times, the production capacity of alumina has been concentrated and released. Although downstream demand has been released ahead of schedule, the supply and demand have shown a surplus pattern, and the spot price of alumina continues to decline, seeking a bottom range. However, there is support on the cost side and limited downward space.