China Nonferrous Metals Industry Association: There are irrational factors in the price trend of alumina, and the excessive speculation of capital is obvious

Gold Ten Futures, November 11th, the relevant person in charge of the China Nonferrous Metals Industry Association answered a reporter's question on the current alumina market: We believe that there are irrational factors in the price trend of alumina, and the excessive speculation of capital is obvious. According to the current cost and price estimates, the average profit of the alumina industry is more than 2,000 yuan/ton, which is unsustainable and should not be sustainable. First, it is hoped that all parties will be in awe of the market, abide by the rules, recognize the fundamentals, and hold the bottom line. Relevant institutions should continue to strengthen supervision and prevent malicious speculation. Second, there is a "ceiling" for electrolytic aluminum production capacity. At the same time, the current supply and demand of alumina is basically balanced, which does not support the continued rapid rise in prices. The structure of alumina futures prices is "near high and far low", which also shows that the forward price is not optimistic. Third, it is necessary to prevent unreasonable increases in alumina prices. The aluminum industry chain should pay great attention to the adverse effects brought about by this, and jointly maintain the smooth operation of the industry. Historical experience tells us that after a big rise, there must be a big fall. A suitable and relatively stable price is conducive to the healthy development of