Core Viewpoint - The aluminum oxide market is experiencing fluctuations in prices and supply dynamics, with a notable focus on Guinea's aluminum oxide company asset inspections and the overall supply-demand balance in the industry [2][3]. Group 1: Price Movements - On July 16, the main aluminum oxide futures contract closed at 3111.0 CNY/ton, reflecting a decrease of 1.58% [1]. - The national average spot price for aluminum oxide was reported at 3191 CNY/ton, with a slight increase of 5 CNY/ton, while the discount was 99 CNY/ton [2]. Group 2: Supply and Demand Dynamics - Guinea's aluminum oxide company (GAC) has initiated a comprehensive asset inventory, with government oversight on strategic mining equipment [2]. - The current supply situation remains generally loose, despite localized tightness providing some support for spot prices [3]. - The production capacity of aluminum oxide is steadily increasing, primarily due to the resumption of operations after maintenance, leading to record-high output levels [3]. Group 3: Market Outlook and Recommendations - According to Wenguang Futures, there is a mid-term expectation for a price increase, driven by a strong market sentiment and low registered warehouse receipts for aluminum oxide. However, the overcapacity issue persists, anchoring prices to production costs [3]. - Newhu Futures suggests that while there is some upward pressure on prices due to localized supply tightness, the overall expectation of supply surplus remains unchanged, with new production capacity expected in the third quarter [3].

Group 1 - The cross-regional allocation policy allows businesses to stock goods in bonded warehouses at ports and adjust inventory based on local store demands, enhancing supply chain efficiency [1] - Qingdao Customs has actively promoted the "Yellow River Basin Customs Trade Smart Platform" to support the establishment of a cross-border e-commerce industry cooperation mechanism covering 11 regions, enhancing the development of the e-commerce industry in the basin [1] - The foreign trade vessel carrying 220,000 tons of bauxite from Guinea docked at Yantai Port, showcasing the port's capability to handle large volumes of imports and exports [1] Group 2 - The demand for construction machinery in Africa has significantly increased, with Yantai Port leveraging its logistics advantages to facilitate exports of engineering machinery and basic equipment from the Yellow River Basin [2] - Yantai Port has established a monthly average of 10 direct shipping routes to 20 African countries, achieving full coverage of coastal nations in Africa [2] - Qingdao Customs has introduced a new regulatory model for miscellaneous goods, reducing inspection times by 2 to 3 days per vessel [2] Group 3 - Since the Yellow River Basin's high-quality development became a national strategy, Qingdao Customs has coordinated efforts to enhance trade and connectivity, resulting in a year-on-year increase of 8.8% in imports and exports for the first four months of the year [3] - The provinces of Shandong, Sichuan, and others have shown significant growth in trade, with some achieving double-digit increases [3] - Exports to countries involved in the Belt and Road Initiative accounted for 58.3% of the total, with notable growth in machinery and agricultural products [3]