The price of alumina has recently shown a strong upward trend.

The recent trend of alumina prices is strong. In the futures market, the main contract for alumina 2509 rose continuously on July 21st and July 22nd, with daily increases of 8.39% and 6.07% respectively. The price rose by 300 yuan per ton for two trading days, with the latest price at 3513 yuan/ton. The spot market also showed a significant increase. According to data from the Shanghai Nonferrous Network, as of July 22nd, the spot prices of alumina in various regions of the country have all risen, with increases ranging from 25 yuan to 50 yuan per ton. Among them, the average price of alumina in Guangxi has risen by 25 yuan to 3290 yuan per ton, and the average price of alumina in Henan has risen by 50 yuan to 3230 yuan per ton. The sudden increase is closely related to the signals recently released in the policy aspect. Recently, the head of the Ministry of Industry and Information Technology revealed at a press conference held by the State Council Information Office that the work plan for stabilizing growth in the ten key industries such as steel, non-ferrous metals, petrochemicals, and building materials will soon be introduced, and the Ministry of Industry and Information Technology will promote restructuring, supply optimization, and the elimination of backward production capacity in key industries. "This has sparked market expectations of tightened supply, especially for alumina," said One-De Futures analysts.