Primero Futures: Gran fabricante de alúmina detiene producción por mantenimiento, la alúmina rebota y se recupera

Recently, due to the continuous commissioning of new alumina production capacities, alumina prices briefly touched around 2,600 yuan, with the main contract significantly shifting to the 2,609 contract. Yesterday, it was reported that a large alumina plant in Guangxi with a capacity of 4 million tons was shut down for full boiler inspection due to boiler failure, easing short-term alumina supply pressure. Alumina experienced a sharp rebound, rising above 2,800 yuan, up over 2%. Today, alumina remained volatile, with upward momentum weakening, not only because the shutdown plants’ maintenance status is uncertain but also because new capacities are still coming online. The oversupply pattern in alumina remains unchanged, and the bearish outlook on alumina persists. However, attention should be paid to future updates on Guinea’s policies. (First Capital Futures)