Group 1 - The domestic aluminum oxide futures market is experiencing a downward trend, with the main contract trading at 3053.0 CNY/ton and a decline of approximately 3.10% [1] - Supply from mining sources remains normal, with Guinea and Australia maintaining steady shipping volumes, leading to a situation of oversupply [1] - Domestic aluminum oxide inventory is decreasing, but the pace of reduction is slowing down, while the current price is significantly higher than the futures price, indicating a standard backwardation structure [1] Group 2 - Overseas aluminum oxide transactions have been relatively quiet, with minor price fluctuations, while domestic prices are rising, turning imports from losses to profits [2] - The aluminum oxide spot price remains firm due to concentrated maintenance and production cuts, with the 2509 contract expected to stabilize around the 3000 CNY mark [2] - Despite the current balance in supply and demand, medium-term expectations of oversupply pressure still exist [2]
去库速度放缓 氧化铝主力合约跌破3000整数关口
Jin Tou Wang·2025-06-05 07:05