Group 1 - The core viewpoint indicates that alumina prices are experiencing a significant decline, with the main contract dropping by 2.13% to 2847.0 CNY/ton as of January 8 [1] - As of January 6, the average spot price of metallurgical-grade alumina was 2666.9 CNY/ton, reflecting a 5% decrease compared to the previous month and a 52.59% decrease year-on-year [2] - Due to the substantial drop in alumina prices and expectations of continued decline, inland alumina plants are facing increased losses [2] Group 2 - According to Galaxy Futures, the fundamentals of alumina show limited changes, with no substantial production cuts and new capacities expected to come online, providing little support for price increases [4] - Ruida Futures notes that the raw material prices are stable, while port inventories have slightly increased, indicating a high operating rate in the alumina industry [4] - Overall, the alumina market is in a phase of slight supply contraction and stable demand, suggesting a cautious approach to trading with light positions [4]
港口库存小幅回升 预计氧化铝期货仍承压运行为主
Jin Tou Wang·2026-01-08 07:05