July 24 (LTIT) –Since June, aluminum futures prices have hovered around the 14000 line. Alumina prices continued to fall, falling to around 2,700 yuan / ton, causing losses for alumina producers.

Recently, some manufacturers decided to implement flexible production, thus alumina prices rebounded. In addition, from the peak of summer electricity consumption, the demand for thermal coal is good, and the price of thermal coal may remain high. The rise in raw material prices may push up the production cost of electrolytic aluminum, which in turn will push up the price of electrolytic aluminum, so shanghai aluminum is expected to have upside.