2 minute read
Raw material price trend
from 101 China Grinding
put into production in the fourth quarter. At that time, the supply of China's alumina market will increase again, or the market price will be negative to a certain extent;
(3) In September, we still need to pay close attention to the production changes of a large alumina plant in Jinzhong, Shanxi. If it stops reducing production, it will be good for prices;
If its production remains in its current state or increases production, the price or the probability of continuing the current trend;
(4) As Shanxi's new round of environmental protection supervision found that there are still many environmental protection and safety problems in mining, the relevant safety control of local mines will be more stringent in the later period, which makes it difficult to increase the supply of domestic ore, the relationship between supply and demand is still tense, and the problem of ore procurement in alumina plants still exists;
Import ore policy is changeable, supply is not sufficient, alumina enterprises to maintain a high level of attention.
3.Baichuan Forecast
In August, spot transactions in the aluminum oxide market led to an active market in the early stage. In the later stage, downstream enterprises reduced production and reduced demand for alumina due to power rationing. As a result, the atmosphere in the alumina market was cold and cheerless. The double drop in supply and demand also weakened the favorable factors in the market. It is expected that the market price of domestic alumina in China will run steadily next month, with the average daily price fluctuating in the range of 2910-2930 CNY/ton;
(1) At present, the high temperature and drought weather in Sichuan has been alleviated, and the local power rationing problem has eased. Electrolytic aluminum enterprises in Sichuan may gradually resume production, thus increasing the demand for alumina and appropriate spot procurement, driving the market to be active.
The alumina plant in Chongqing, which has reduced production capacity in the early stage, will also resume production, changing the pattern of double decline in China's alumina supply and demand;
(2) The second phase expansion project of an alumina plant in Guangxi is expected to be completed and put into operation by the end of September, but it still takes time for the formal output to enter the market.
It is expected that its output will be reflected in the fourth quarter. In addition, other new production capacity is planned to be
On the whole, the cost of ore used in the alumina plant in the later period is difficult to alleviate significantly;
(5) The 8-month power limit, heavy rainfall and the new crown epidemic and other emergencies appeared one after another, although some of the events did not have a significant impact on the production and transportation of alumina enterprises.
However, it is still necessary to be alert to subsequent emergencies or changes in market atmosphere and fundamentals.
III. corundum market
1.Market Overview:
China's white corundum market prices fell slightly this month, mainly due to continued weakness in downstream demand. In August, the overall operation of the white corundum market remained stable, the mid-year Zouping electricity price rise led to the suspension of white corundum enterprises, the late Sanmenxia outbreak, some areas of transportation restrictions, white corundum enterprises due to the exhaustion of raw materials and production. In August, the cost of white corundum was mixed, alumina prices fell in Shandong, Henan rose, graphite electrode high power 350mm mainstream transaction price fell 3000 CNY/ ton from the beginning of the month, electricity price Shandong Zouping white corundum enterprise electricity price rose 0.05 CNY/ degree. However, at present, the linkage between the price of white corundum and the price of alumina is obviously weakened. The
