The non-ferrous metal sector performed strongly, and the aluminum market reached a new high

Last weekend, a military coup d'état occurred in Guinea, which has not yet caused the local bauxite mining and transportation to be blocked, but it is not ruled out that it will have a certain impact
on the investment trend and investment progress of multinational companies in the future.
The market generally believes that Guinea bauxite prices will jump due to this event, and buyers' willingness to import Indonesian mines and Australian mines may increase
.

In terms of the market, data show that in August 2021 (31 days), China's electrolytic aluminum output was 3.
225 million tons, a year-on-year increase of 1.
13%, and the average daily output was 104,000 tons, down 02,000 tons
month-on-month.
From the perspective of output, the power restriction measures have indeed had a considerable impact on the production of electrolytic aluminum, and the monthly output has declined
for several months.
Alumina prices continue to recover
.
Recently, due to the sharp rise in aluminum prices, electrolytic aluminum profits are considerable, downstream aluminum plants to ensure production, purchase reserve willingness to increase, supporting alumina prices continue to rise
.

In terms of inventory, on Thursday, the total domestic electrolytic aluminum social inventory was 751,000 tons, an increase of 02,000 tons
from last Thursday.
Last week's aluminum inventory totaled 232,000 tons, down 17,000 tons
from last week.
From the trend of inventory, the decline in aluminum inventories has slowed down significantly, but it has not yet shown any signs of
rebound.

Due to the ceiling of electrolytic aluminum production capacity and the impact of power restriction measures, the operation of electrolytic aluminum production capacity has always been affected, and the actual output has declined for several months, and the supply of electrolytic aluminum continues to be tight
.
Last weekend, the coup d'état in Guinea, although the current supply of bauxite has not been affected, but there is a potential supply risk, or become a hot
spot in the market speculation.