According to the commodity market analysis system, as of April 25th, the average price of alumina in the market was 3483 yuan/ton, and on April 18th, the average price of alumina in the market was 3473 yuan/ton, an increase of 0.29% compared to last week.
| Gamma-PGA (gamma polyglutamic acid) |
In terms of cost
Due to shortages of bauxite and maintenance of alumina production lines, some enterprises in Shandong have insufficient supply of raw materials, but it does not affect normal shipments for the time being.
In terms of supply and demand
The trading atmosphere in the spot aluminum oxide market is weak, and downstream electrolytic aluminum enterprises maintain on-demand consumption. Most traders are wait-and-see, and they are cautious in purchasing at lower prices. Recently, there has been a slight rainfall in Yunnan region, which has alleviated the disturbance of power supply and further promoted the pace of electrolytic aluminum production resumption.
Future Market Forecast
With the gradual digestion of the bullish sentiment of electrolytic aluminum, market prices have returned to fundamental logic. It is expected that the price of alumina will fluctuate and adjust in the short term. We will pay attention to the resumption of production by enterprises and changes in market supply and demand.
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