公司调低氧化铝现货销售价13.3%,降幅低于市场预期。国际氧化铝现货价大幅下降,中国对氧化铝进口的依赖度仍高,公司现货定价的波动低于进口价。公司未来的业绩更主要由原铝价格决定。轻微降低盈利预测,未来盈利仍将保持增长趋势,投资评级维持“买入”。 The Company lowered the spot sales price of alumina by 13.3%, lower than the market expectation. The spot price of international alumina dropped sharply. China’s reliance on alumina imports remained high. The spot price of the Company fluctuated lower than the import price. The future performance of the company is mainly determined by the price of primary aluminum. Slightly lower earnings forecasts, future earnings will continue to grow, investment rating remain “buy.”