aluminium show | Booming price outlook for alumina for the heating season

In the first half of the year, the implementation of mine retreat in the Henan region to return to cultivation and governance, the Sanmenxia region mine shutdown and environmental protection and safety constraints on the production of alumina. Internal alumina was around the cost line of RMB 2,800/tonne in June. After that, the spot market price became RMB 2,900-2,950/tonne in mid-September, driven by a combination of bauxite supply policy disturbances in Henan, red mud storage restrictions in Shanxi and a concentrated resumption of aluminium electrolysis production in Yunnan.In Henan bauxite supply policy disturbances, Shanxi red mud storage restrictions and Yunnan electrolytic aluminium concentrated resumption of production, the spot market price became 2900-2950 yuan / ton in mid-September.

With the alumina price rise profit repair, alumina enterprise raise production enthusiasm is higher. Average daily production from June began to show a rising trend, from 215,000 tonnes to 226,000 tonnes. Part of the long-term idle capacity will also be resumption of production plans on the agenda.

According to aluminium show statistics, China's alumina output in August 2023 was 7.072 million tonnes, up 3.21% year-on-year, with an average daily output of 228,100 tonnes. Compared with the daily output of 224,300 tonnes in July 2023, an increase of 0.38 million tonnes.In August, China's domestic alumina market increased or decreased production differently, and the overall supply trend is increasing.The cumulative output of China's metallurgical-grade alumina in January-August was 52.69 million tonnes, a year-on-year increase of 2.17%. China's alumina production in September 2023 was about 6.93 million tonnes, with exports of about 110,000 tonnes.China's alumina supply in September was surplus by 45,700 tonnes, with supply and demand basically in balance.

November is the heating season, environmental protection requirements and heating conditions or affect the roasting of alumina. Superimposed on the electrolytic aluminium enterprises to prepare for winter storage and winter transport to protect coal and other aspects of the impact of alumina prices are easy to rise and difficult to fall.