SHANGHAI, Feb. 1 (SMM) -- The volume of imported alumina unloaded at Lianyuanggang port was approximately 300 kt in January, up significantly compared with 2009 levels.
Large volumes of imported alumina flowed into domestic markets due to rapid increases in domestic alumina prices. In addition, SMM sources report major imported alumina suppliers have increased the number of long-term contracts for 2010, and that domestic supply of imported alumina will come mainly through such long-term contracts. This is markedly different from 2009 when spot goods of imported alumina were relatively available. SMM predicts China's imports of alumina in 2010 will be flat at 2009 levels, approximately 5 million mt.
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