According to the commodity market analysis system of Shengyishe, as of May 17th, the average price of alumina in the market was 3800 yuan/ton, and on May 10th, the average price of alumina in the market was 3616 yuan/ton, an increase of 5.07% compared to last week.

In terms of cost

Before the mine fully resumes production, the supply of alumina will be restricted, which provides support for prices.

In terms of supply and demand

At present, the profitability level of aluminum plants is generally good. In the context of scarce raw material ores, aluminum plants have the ability to transfer some profits to aluminum oxide plants to ensure the stability of raw material supply. The 500000 tons of electrolytic aluminum production capacity that has not resumed production in Yunnan also provides an expected increase in demand for alumina.

Future Market Forecast

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