[Al] Alumina Prices Rise in the Short Term With Strong Prices Decline and Production Cut Pressure

SHANGHAI, Dec. 16 (CBI China) -- At present, domestic non-CHALCO alumina prices were RMB 1900-2100/mt, in the port imported alumina prices were USD 1900-2200/mt. Recently the alumina businesses had limited inventories and limited pressure on sales. As alumina prices are still slightly rising, and the downstream had low interest to purchase, leading obviously slow funds return, and therefore the overall transaction was moderate. With the increasing production cut of refined aluminum, alumina demand will definitely be affected, then the alumina price will drop, meanwhile some enterprises with high cost will likely cut production.

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