News summary
[Huafu Securities: Mining supply is tight and downstream demand for electrolytic aluminum is resilient] Securities Times News4playerarcadecabinet, Huafu Securities Research News pointed out4playerarcadecabinet, the supply at the mine end is tight, the downstream demand for electrolytic aluminum is resilient, and the prices of alumina and electrolytic aluminum resonate. In terms of alumina, although there are rumors of resumption of production in the Shanxi and Henan areas, mines have recovered.4playerarcadecabinet.4playerarcadecabinet..
Newsletter text
[Huafu Securities: The supply at the mine end is tight, the downstream demand for electrolytic aluminum is resilient] Securities Times News, Huafu Securities Research News pointed out that the supply at the mine end is tight, the downstream demand for electrolytic aluminum is resilient, and the prices of alumina and electrolytic aluminum resonate. In terms of alumina, although there are rumors of resumption of production in the Shanxi and Henan regions, the recovery of mines is not good. At the same time, electrolytic aluminum production capacity in Yunnan and Inner Mongolia has been released one after another. The increase in demand will further drive the spot of alumina to be tight and the price will fluctuate upwards. In terms of electrolytic aluminum, on the supply side, electrolytic aluminum companies in Yunnan and other places have released production capacity, and supply continues to increase; on the demand side, the output of aluminum bars and aluminum plate companies has increased, mainly reflected in Guangxi, Guizhou, Shandong and other places, while real estate policies have boosted downstream consumer sentiment; in terms of inventories, due to the release of RUSAL's hidden inventories, LME inventories have increased significantly, while domestic electrolytic aluminum remains low. Short-term favorable real estate policies occur frequently, pessimistic expectations that real estate is dragging down aluminum consumption are gradually restored, and price increases remain unchanged. In the medium and long term, domestic ceilings + energy shortages continue to disturb, while demand for new energy remains strong, and the tight balance makes aluminum prices easy to rise and difficult to fall. Recommended attention: Aluminum Corporation of China, Tianshan Aluminum, Yunnan Aluminum, etc. Proofread: Liao Shengchao
