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What is the main reason for the accelerated decline of alumina prices in Guangxi?
- China Aluminium Network
- Post Time: 2022/11/10
- Click Amount: 581
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【Aluminum Road Network】
Since mid-September, the price of alumina in Guangxi began to decline rapidly. According to Aladdin (ALD) statistics on the transaction data of alumina samples in Guangxi, the transaction price of alumina in the region in mid-September was about 2,880 yuan, and by mid-October, the transaction price of alumina in the region was about 2,750 yuan, a decrease of 130 yuan in 30 days. about. According to the new survey data of Aladdin (ALD) Z, the transaction price of 5,000 tons of alumina in Guangxi today is 2,615 yuan, and the transaction parties are all third-party traders. That is to say, in just over 20 days, the transaction price of alumina in Guangxi has dropped again. 135 yuan or so.
For the obvious downward pressure on alumina prices in Guangxi, Aladdin (ALD) believes that the fundamental reason is the periodic supply and demand imbalance in Guangxi, and the direct reason is the short-selling behavior of traders who continue to bet against the market.
Since August, the operating capacity of alumina in Guangxi has continued to increase, especially with the gradual stabilization of the new production capacity of Tiangui Aluminum, the production has begun to be released on a large scale, and the supply of alumina in Guangxi has increased significantly.
The sales direction of Guangxi alumina is mainly concentrated in the region, Yunnan and north to Inner Mongolia and other regions, and occasionally sent to Xinjiang and Qinghai and other regions regardless of the difference in transportation costs. Due to the demand for alumina in eastern Mongolia and Northeast China being supplemented by the new production capacity of Wenfeng New Materials and Bosai Group, coupled with the potential supplement of imported alumina, the total amount of alumina shipped from Guangxi to eastern Mongolia has shown a trend of decline.
In the southwest region, Guangxi alumina Source:
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