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Raw material price trend
from 101 China Grinding
tight supply of ore in Guangxi region in the south still exists, and the shortage of low-sulfur ore resources in Guizhou region has a certain boost to the price of domestic ore, or will lead to the mainstream ore price rise, but due to the current downstream alumina price trend is weak and stable, cost pressure has not been significantly eased, enterprises for the ore price fear of high mentality is still more obvious, buyers and sellers game, the market multi-party holding a wait-and-see attitude, although the price has room to rise, but the increase is relatively limited.
In terms of imported mines, short-term prices are expected to remain high. At present, although the sea freight has dropped, due to the high demand for imported ore, the favorable price support still exists. The impact of the rainy season in Guinea will not subside in the short term, and as the Guinean government is about to implement a new tax policy, it is expected that the FOB price of Guinean ore will rise in the later period, which will also promote the simultaneous increase in the quotation of China's imported ore market to a certain extent.
II: Alumina Market
located at a bare price of about 360 CNY/ton, which is the same as that at the end of last month and 2.86% higher than that at the beginning of the year. At the end of this month, the mainstream aluminum-containing 60% in Guizhou, and the domestic ore with a ratio of aluminum to silicon of 6.0 grade are basically located at a bare price of about 390 CNY/ton, which is the same as that at the end of last month and down 2.50% from.
This month, the mainstream price center of domestic bauxite in China has been stable and small, and the price adjustment is mainly reflected in the rise of about 20 CNY/ton in the northern Henan region due to the influence of supply and demand. It is expected that the price center of domestic ore in China will be slightly increased by about 10-20 CNY/ton again next month. On the one hand, due to the short-term impact of the rainy season in the northern region, and it is difficult to purchase imported ore in stock, the demand for domestic ore by alumina enterprises has increased again, and the tension between supply and demand has intensified, which will stimulate the price increase of domestic ore to a certain extent. However, the current
In August, China's domestic alumina market prices overall downward, relative to the previous stable state, this month's price decline has increased, as of August 30, the average monthly price fell about 20 CNY/ton. In terms of spot transactions, compared with the scarcity of market orders in July, the market activity in August increased significantly, but the transactions were mainly concentrated in the first half of the year. In the northern market, Shandong broke the stable situation in the middle of the month, and spot transactions were reported one after another, and the price fell more obviously. The local price fell by about 70 CNY/ton this month. Henan has higher costs, less spot inventory, and few transactions this month. Some local quotations are still above 3000 CNY/ton. Prices in Shanxi region fluctuated within a narrow range this month. Due to the same high cost, some local alumina enterprises were reluctant to sell at high prices, but the downstream feedback was not ideal due to poor demand. Compared with the north, there are sometimes low-priced spot transactions in the southern market, and the supply of alumina in the southwest is sufficient. Under the flat demand, the competition is becoming more and more fierce, and the price is gradually adjusted downward. There were frequent incidents in August, of which the biggest impact was the reduction in production of electrolytic aluminum enterprises
