Group 1 - The core viewpoint indicates that the alumina futures market is experiencing weakness, with the main contract trading at 3132.0 CNY/ton, reflecting a decline of 2.09% [1] - As of August 19, 2025, overseas alumina was traded at a price of 369 USD/ton (FOB Australia) for 30,000 tons, with shipment scheduled for mid-September [2] - The total inventory of alumina reached 4.199 million tons last week, an increase of 55,000 tons from the previous week, and a year-on-year growth of 5.05% [3] Group 2 - According to Xinda Futures, recent disturbances in domestic and foreign mineral supply may provide some support, but a significant increase in domestic supply is putting pressure on prices, leading to a potential for continued price fluctuations [4] - Copper Crown Jinyuan Futures noted that the recent military parade did not impact the supply of alumina in northern regions, and there has been a slight increase in alumina production capacity, raising supply pressure expectations [4] - Alumina warehouse receipts have significantly increased for a week, surpassing 70,000 tons, indicating a weakening of favorable conditions for alumina prices, with potential downward adjustments in price levels [4]
国内供给大幅增加 氧化铝期价重心或有震荡下移
Jin Tou Wang·2025-08-19 07:08