Group 1 - The core viewpoint indicates that alumina futures are experiencing a strong oscillation, with the main contract reported at 3025.0 yuan/ton, reflecting a 1.75% increase [1] - The Shanghai Futures Exchange announced a reduction in the delivery premium for alumina in Xinjiang from 380 yuan/ton to 300 yuan/ton, effective from March 4, 2026 [2] - The national weekly operating rate for alumina has decreased by 0.89 percentage points to 81.55%, attributed to maintenance activities reducing the load of roasting furnaces [2] Group 2 - According to Wenguang Futures, ongoing disturbances in domestic and foreign ore supply are expected to support ore prices, while improved macro sentiment is likely to drive the non-ferrous sector to perform strongly [3] - The current average profit in the alumina industry remains acceptable, with operating capacity at a high level, while the demand side for electrolytic aluminum remains relatively stable [3] - The inventory of alumina warehouse receipts increased by approximately 1500 tons, indicating a weak market performance, but future policy expectations may provide some support on the cost side [3]
政策端未来仍有预期 短期内氧化铝期货观望为主
Jin Tou Wang·2025-09-05 07:19