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Alumina Analysis

机译:氧化铝分析

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摘要

Although alumina pricing has been edging upwards in recent weeks on the back of strengthening Chinese demand, volumes remain light. The closure of the first Nako tender in three months during early July should provide a clearer indication of the strength of the price recovery. Nonetheless, the Chinese government's stimulus efforts are making inroads into global alumina stocks, leading MBR to reduce its forecast for the current year's surplus. Chinese alumina prices have been surging of late on a tight market there as alumina production increase lag aluminium production increases.
机译:尽管最近几周在中国需求增强的带动下氧化铝价格一直在小幅上涨,但交易量仍然很小。在7月初的三个月内,第一批Nako招标书的关闭应该更清楚地表明价格回升的势头。尽管如此,中国政府的刺激措施正在侵入全球氧化铝库存,这导致MBR降低了对今年盈余的预测。由于氧化铝产量增加滞后于铝产量增加,中国氧化铝价格近来一直在紧张的市场上飙升。

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