After the holiday, aluminum prices bucked the trend and market trading activity rebounded slightly

According to the recent announcement of Shenhuo Co.
, Ltd.
, due to the dual control of energy consumption, the 750,000 tons of production capacity in Yunnan Shenhuo continued to limit production, the 150,000 tons of production capacity that had been built and not put into production could not be put into operation, and the 800,000-ton business plan formulated at the beginning of the year could not be completed
.
Recently, Alcoa, the largest aluminum producer in the United States, and Australia's third-largest mining company are preparing to restart Alumar, an idle aluminum plant in Brazil with a capacity of 447,000 tons/year, which is expected to resume production in the second quarter of 2022 and full production
in the fourth quarter of 2024.

Fundamentally, the supply side continues to increase power rationing and production and dual control of energy consumption, which continues to interfere with the release of
electrolytic aluminum production capacity.
Holders on the consumer side actively shipped goods at high prices, and receivers actively inquired, but the actual transaction was average
.
Recently, aluminum downstream processing enterprises in Jiangsu have successively received power rationing notices, and some of them have begun to implement power rationing measures, reducing production by 10%, 30% or even planning to stop production, and the time may last until after
the National Day holiday.
The power rationing in Guangdong is more obvious for local die-casting enterprises
.
The latest inventory data showed a slight accumulation of aluminum ingots, up 18,000 tons
from last week.

In terms of price, the supply and demand ends of aluminum will still benefit from the influence of the concept of "carbon neutrality" for a long time in the future, and it is recommended to go long on the dip, and it is also recommended to treat it with a long idea in the cross-variety arbitrage strategy
.