SMM, February 14:
Since mid-December 2024, domestic and overseas spot alumina prices have started to decline consecutively. Overseas, as of February 14, the FOB price of Western Australian alumina dropped to $538/mt, down by $272/mt from the December 2024 peak of $810/mt, equivalent to approximately 2,000 yuan/mt. Domestically, as of February 14, the SMM alumina index fell to 3,356 yuan/mt, a cumulative decrease of 2,413 yuan/mt from the December 2024 peak. Overall, in the past two months, the decline in overseas alumina prices has been less significant than that of domestic prices, leading to an expanded loss margin for alumina imports and the gradual opening of the domestic alumina export window.
