Jingu financial news | Aluminum stocks weakened, as of the deadline, Aluminum Corporation of China (02600) fell by 4.91%, Chinahongqiao (01378) fell by 2.34%, and xingfa alum (00098) fell by 1.36%.

On the news front, a relevant person in the China Nonferrous Metals Industry Association responded to reporters' questions about the current alumina market: We believe that the trend in alumina prices is influenced by irrational factors, with obvious excessive speculation by capital. Based on current costs and price calculations, the average profit of the alumina industry exceeds 2000 yuan per ton, which is unsustainable and should not continue. Firstly, we hope that all parties in the market will approach it with awe, abide by the rules, understand the fundamentals, hold the line, and relevant institutions should continue to strengthen supervision to eliminate malicious speculation. Secondly, aluminum electrolysis capacity has a "ceiling," and currently the supply and demand of alumina is basically balanced, not supporting sustained rapid price increases. The structure of alumina futures prices showing "near high and far low" also indicates that the outlook for future prices is not optimistic. Thirdly, we must guard against unreasonable increases in alumina prices. The aluminum industry chain should be highly attentive to the adverse effects brought about by this, collectively safeguarding the stable operation of the industry. Historical experience tells us that there will be a big drop after a sharp rise, and prices that are relatively stable are conducive to the healthy development of the industry supply chain.