Market Review 3

Bauxite: Heavy Pollution Weather Continues to Further Suppress Bauxite Prices 3

Bauxite Prices Remain Stable And Be Wary Of Falling Demand In Heavily Polluted Weather 3

Bauxite Imports Slightly Increased to 8.05 Million Tons In November 3

Outlook Forecast 4

Alumina: Environmental impacts vary in severity 4

Heavy Pollution Weather Occurs Frequently And The End of The Year Assessment Pressure is Huge 4

The Phased Production Cut is Maintained And There is No Obvious Sign Of Recovery Before The End of The Month 5

Outlook Forecast 5

Aluminum Hydroxide: Aluminum Hydroxide Is Difficult to Push Up and the Running Trend Is Still Weak 6

Market Review 6

Outlook Forecast 6

Aluminum: Risk of Virus Mutation Release and High Aluminum Price Shock Adjustment 7

Market Review 7

The Epidemic Is Basically Controllable and Stay Vigilant at All Times 7

Environmental Protection Limits Production and Demand Shrinks 7

Aluminum Bar: The Benchmark Price Has Dropped Sharply and The Aluminum Bar Processing Fees Have Rebounded Weakly 8

Market Review 8

Aluminum Benchmark Price Stabilizes After A Sharp Correction 8

Aluminum Bar Processing Fees Are Obviously Weak and The Recovery Momentum Is Obviously Lacking 9

Inventory Changes Are Not Equal to Demand 9

Key Prices 9

Aladdiny (ALD) Statistics 10