Alumina Prices Have Shown No Signs of Stabilising

SHANGHAI, Apr 24 (SMM) - Price review: The SMM weighted alumina index stood at 2,898 yuan/mt as of last Friday, down 15 yuan/mt from a week ago. The prices stood between 2,880-2,930 yuan/mt in Shandong (down 5 yuan/mt), 2,940-2,980 yuan/mt in Henan, 2,900-2,940 yuan/mt in Shanxi (down 20 yuan/mt), 2,790-2,810 yuan/mt in Guangxi, 2,800-2,880 yuan/mt in Guizhou (down 10 yuan/mt), and 3,000-3,100 yuan/mt in Bayuquan.

Alumina refineries in south China are under greater pressure to sell than their rivals in north China. With the market in persistent oversupply, alumina prices will remain in a downward trajectory in the short term.