Recently, the continuous plunge in the futures price of alumina has basically put an end to this round of rising cycle. Affected by the tight supply and price in the international market, domestic alumina-related manufacturers have carried out large-scale maintenance of machines. Since the beginning of this year, alumina has started a surge in the past decade, from 2,900 yuan at the beginning of the year to a maximum of 5,600 yuan/ton in December. Domestic abrasives manufacturers such as white fused alumina manufacturers or abrasive manufacturers with large alumina usage are complaining bitterly, and end customers have also postponed or reduced purchases due to the sharp increase in costs. The corundum abrasive market is facing a reshuffle. Many small-scale manufacturers have directly stopped production and started the Spring Festival holiday in advance. The current plunge in futures market prices is believed to soon affect the spot market. Those who have purchasing intentions can purchase after the Spring Festival. I believe that the price at that time will be more favorable.
