Alumina's rally has slowed down, and the market transaction is weak

As of last Friday, the average price of the three networks in Shanxi was 2609 yuan / ton, up 29 yuan / ton from last Friday, the average price of the three networks in Guangxi was 2525 yuan / ton, up 12 yuan / ton from last Friday, and Australia's FOB alumina was reported at 301 US dollars / ton, unchanged
from last week.

In terms of alumina production capacity, the recovery of mine starts in Shanxi is not much, and the production capacity reduction in the early stage has not recovered significantly, and the domestic alumina operating capacity is 62.
55 million tons, which is basically the same as in the
second half of February.
The market generally expects that after the middle of this month, after the gradual resumption of work in mines in Shanxi, domestic alumina enterprises will gradually resume production, but it will take a certain period of time
.
At present, the alumina market is still in the process of destocking, as of February 29, Baichuan statistics China's main alumina producing areas and main stations of the total instant inventory of 2.
6623 million tons, down about 242,000 tons
from the total on February 15 of the previous statistical day.

Affected by the resumption cycle, alumina is expected to maintain an upward trend, but the current market trading is relatively small, and it is expected that the price increase will slow down
in the short term.