SHANGHAI, Jun 12 (SMM) – Alumina prices basically stabilised last week, except for declines in some areas. Coal prices rebounded, but this has not yet transmitted to the electricity prices of aluminium smelters. The real-time full costs of smelters dropped 30 yuan/mt week-on-week to 15,998 yuan/mt as of June 9, while SMM A00 aluminium prices rose to 18,650 yuan/mt, leaving their profits at 2,652 yuan/mt, expanding 110 yuan/mt from a week earlier.
In the short term, market should keep an eye on coal market and how upcoming launch of alumina futures contract will affect alumina prices.
