Market Review 3

Bauxite: Prices Remain Stable and Imports Are Expected to Exceed Expectations In 2020 3

Domestic and Imported Mines Are Both Stable 3

Limited Arrivals in December But Imports Exceeded Expectations 3

Outlook Forecast 4

Alumina: Logistics disturbs the entire alumina market 4

The Epidemic Affects Freight And Hinders The Entire Market 4

Extreme Cold Weather Exacerbates Freight Barriers 4

Alumina Operation Capacity Is Gradually Increasing 5

Outlook Forecast 5

Aluminum Hydroxide: Aluminum Hydroxide is Upgrading New Orders Actively Push Up 6

Market Review 6

Outlook Forecast 6

Aluminum: A Weak Start to The New Year and Aluminum Prices Fluctuate and Fall 7

Market Review 7

Seasonal Inventory Accumulation Officially Started, Growth Is The Key 7

The Promotion Fee Policy Continues to Be Released and The Automotive Industry Is Worth Looking Forward To 7

Aluminum Bar: The Macro Benefits Are Difficult to Withstand Internal Pressure and The Digestion of Processed Products Still Takes Time 8

Market Review 8

The Overall Adjustment Of The Benchmark Price Is Obvious 8

Low Adjustment Of Aluminum Bar Processing Fee 9

Regional Resource Flows Boost Aluminum Bar Inventory Recovery 9

Key Prices 9

Aladdiny (ALD) Statistics 10