Chinalco's spot price on aluminum increases 5.5%

10th, Chinalco announced the price of spot alumina to increase 5.5% to 2900 yuan/ton.　　Analysis agency Aradin Network, because the final pricing of aluminum in the current market for alumina prices, aluminum price adjustment has a certain lead-rise effect; In addition to the inventory, aluminum prices and many other factors, the future price of alumina still has room to rise. The decline in inventories triggered a rise in the price of alumina in August this year, the aluminum spot price rose to 2750 yuan/ton, or only 3.8%. And in the last two months, the domestic aluminum spot price of aluminum again appeared a successive climb, prompting Chinalco again to play the price tag.　　Data show that the aluminum in China before the price adjustment, the domestic aluminum department spot alumina close to 2850 yuan/ton. and the greater internal cause of aluminum price adjustment is the continuous reduction of domestic alumina inventory. Recently, although Henan, Guangxi and other land rationing affect some of the demand for alumina, but due to the northwest and southwest part of large enterprises electrolytic aluminum output stability and new start-up projects more, make up for the partial effect of limited production. In particular, some of the new start-up of electrolytic aluminum project, the need for large single alumina procurement, in the stage led to a sharp decline in the alumina enterprise inventory, and since the alumina enterprises began to show a positive price adjustment.　　In addition, Henan Sanmenxia, Jiaozuo, Guangxi Baise and other areas in recent years because of reducing pressure to reduce power rationing policy relatively loose, some electrolytic aluminum enterprises to express the will to restart. Aradin Network tracking data show that the domestic alumina port inventory since the beginning of the show continued downward trend. As of the end of October, the domestic alumina port inventory has been reduced from 1.25 million tons in January this year, down to 400,000 tons, compared with the September chain also decreased 150,000 tons.　　In addition, the enterprise inventory has continued to decline, since May this year, alumina enterprise inventory shows a downward trend, only September of alumina enterprise inventory due to energy saving and emission reduction impact has rebounded. Alumina prices are still bullish "now Chinalco's offer is higher than the market price, reflecting their optimism for the future."　　Tan Guibin, an analyst at Aradin Camp, said from August 18 to November 9, the domestic non-Chinalco average price of aluminum oxide from 2750 yuan/ton rose to 2835 yuan/ton, the increase of 3.09%, but because of the longer price adjustment cycle, the price adjustment did not maintain the following run, in the short term actually played a role in the lead market. On the other hand, the rise in aluminum prices also increased the momentum of the future increase in alumina. As of November 10, the domestic spot electrolytic aluminum prices rose to 16590-16630 yuan/ton, the average price of 16610 yuan/ton, August 18 average value of 15320 yuan/ton, the increase of 8.42%, the first 10 trading days in November up to 600 yuan per ton. and electrolytic aluminum price bound alumina long single price also appeared with spot price upside down, which also affected the spot alumina price trend.　　According to November 1, 2010-9th, the average settlement price of Shanghai aluminum 16929 yuan/ton, the equivalent of alumina long single price in 2793-2878 yuan/ton.The latest customs data show that China imports 450,000 tonnes of alumina in October, 140,000 tonnes more than last month, and a small increase in the number of forged aluminum and aluminum imports and exports, indicating that the Chinalco industry is working well. Tan Guibin said, comprehensive inventory, aluminum prices and other factors, future alumina prices still bullish.