This week, the pace of the Xinjiang aluminum plant’s bidding and procurement of spot alumina remained unchanged. The final transaction price was basically the same as the mainstream bidding price last week. Due to the increase in freight costs in Shandong, it is understood that the supply is mainly from the Shanxi region. The mainstream transaction price, when converted to the factory price in Shanxi, is above 2,900 yuan. Under the cautious participation of traders, the bidding volume is generally low, reflecting the traders’ concerns about the trade price spread risk during the period when the spot liquidity in the market is temporarily tight and the market direction is not yet fully clear.
