On December 10, the main contract 2601 for alumina futures in the domestic futures market fell below the 2,500 yuan/ton mark, becoming the commodity with the biggest drop of the day. As the core material for electrolytic aluminum, the current price in the alumina market has “dropped” from the high of 5,500 yuan/ton a year ago. At the same time, downstream electrolytic aluminum prices continued to rise, driven by strong non-ferrous commodities, breaking through recent highs and forming a “double ice and fire” situation with the alumina market. With the help of rising prices and falling costs, the current profit level of electrolytic aluminum companies is rising steadily, while some alumina companies are facing a loss situation. Industry insiders analyzed that the current strong aluminum price mainly benefits from macro-sentiment, and the problem of mismatch between supply and demand in the alumina market is still there, and the price trend where the two diverge may be difficult to change in the short term. In the interview, many analysts believed that the pattern of differentiation in upstream and downstream price trends in the aluminum industry chain may continue.

On December 10, the main contract 2601 for alumina futures in the domestic futures market fell below the 2,500 yuan/ton mark, becoming the commodity with the biggest drop of the day. As the core material for electrolytic aluminum, the current price in the alumina market has “dropped” from the high of 5,500 yuan/ton a year ago. At the same time, downstream electrolytic aluminum prices continued to rise, driven by strong non-ferrous commodities, breaking through recent highs and forming a “double ice and fire” situation with the alumina market. With the help of rising prices and falling costs, the current profit level of electrolytic aluminum companies is rising steadily, while some alumina companies are facing a loss situation. Industry insiders analyzed that the current strong aluminum price mainly benefits from macro-sentiment, and the problem of mismatch between supply and demand in the alumina market is still there, and the price trend where the two diverge may be difficult to change in the short term. In the interview, many analysts believed that the pattern of differentiation in upstream and downstream price trends in the aluminum industry chain may continue.