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Aluminum prices rose sharply last week, due to the uncertainty of aluminum supply growth at home and abroad coupled with the improvement in demand after the holiday
.
On Monday, Shanghai aluminum opened low and fluctuated, falling more than 2% overnight, and narrowing its decline in early trading, closing down 1.
11%.
Last Sunday, the Baise area of Guangxi was completely closed due to the impact of the epidemic, and the poor freight caused alumina and electrolytic aluminum in the area to be unable to be shipped out
immediately.
According to statistics, the output of alumina in Baise area in 2020 was 9.
2 million tons, accounting for 12.
6% of the country; The output of electrolytic aluminum was 2.
17 million tons, accounting for 5.
9% of
the country.
Overall, the current round of the epidemic may further reduce the operating capacity of Bose alumina and electrolytic aluminum, which will have a certain impact
on the supply in South China.
At present, the average price of the domestic alumina market is 3282 yuan per ton, an increase of about 140 yuan / ton
compared with before the Spring Festival.
Since early January, alumina prices have continued to rebound, which is inseparable from rumors of large-scale production cuts by alumina companies in Shandong during the Winter Olympics
.
At present, a number of alumina companies in Shandong announced that they plan to start reducing production in late January, and Shandong Weiqiao plans to gradually reduce alumina production capacity to 50%.
Although alumina is generally in a loose state, there will be a short-term sharp reduction in production or a phased shortage, and alumina prices are expected to continue to rebound
.