摘要：氧化铝：供给端，国内氧化铝运行产能维持高位，尽管价格持续下行已逼近甚至击穿部分企业成本线，导致北方企业检修增多、南方冶炼负荷下滑，但整体供应仍显充裕。需求端，电解铝生产利润可观，支撑铝厂开工积极性，对氧化铝需求形成刚性支撑。但环保因素亦可能影响部分电解铝企业开工，或边际削弱对氧化铝的采购需求。库存方面，铝厂氧化铝库存已连续5个月累积，交易所仓单数量亦处于相对高位，这将持续压制价格反弹空间。...
Source Link摘要：氧化铝：供给端，国内氧化铝运行产能维持高位，尽管价格持续下行已逼近甚至击穿部分企业成本线，导致北方企业检修增多、南方冶炼负荷下滑，但整体供应仍显充裕。需求端，电解铝生产利润可观，支撑铝厂开工积极性，对氧化铝需求形成刚性支撑。但环保因素亦可能影响部分电解铝企业开工，或边际削弱对氧化铝的采购需求。库存方面，铝厂氧化铝库存已连续5个月累积，交易所仓单数量亦处于相对高位，这将持续压制价格反弹空间。...
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