铝价再创新高 预焙阳极龙头索通发展乘势向上

Group 1: Aluminum Price Trends - Since December 2025, domestic aluminum prices have entered a strong upward trend, reaching a historical high of 24,690 yuan/ton by January 14, 2026, driven by recovering downstream demand and supply contraction [1] - The current market conditions have established a "difficult to decline" scenario for aluminum prices, indicating a new cycle for the aluminum industry and injecting strong growth momentum into upstream aluminum consumables [2] - The demand for aluminum has been significantly boosted by the global energy transition, particularly in sectors like electric vehicles and power grid construction, with a revised forecast for China's electrolytic aluminum consumption growth rate increasing from 1.0% to 2.6% for 2025 [3] Group 2: Company Overview - Suotong Development - Suotong Development, a leading company in the prebaked anode industry, is expected to benefit from the rising aluminum prices due to its scale, technology, and customer advantages [2] - The company has been deeply involved in the prebaked anode sector for over 20 years and is positioned to meet the increasing demand from downstream electrolytic aluminum enterprises as they accelerate investment [4] - Suotong Development aims to achieve a production capacity of 5 million tons, with a projected signed capacity of over 4.8 million tons by 2025, and is actively pursuing international expansion through joint ventures [5] Group 3: Market Dynamics and Future Outlook - The supply-demand imbalance in the electrolytic aluminum industry is expected to tighten further, with a projected supply gap of approximately 210,000 tons in 2026, indicating continued upward momentum for aluminum prices [5] - The rising aluminum prices are anticipated to open a new cycle for the aluminum industry chain, positively impacting the prebaked anode sector's market conditions [5] - Suotong Development is well-positioned to leverage its comprehensive advantages to capture the benefits of rising prices in the downstream electrolytic aluminum market, advancing towards a new phase of high-quality global development [5]