SHANGHAI Apr. 27 (CBI China)--In an attempt to stabilize the alumina market, 13 domestic alumina mills agreed on April 21, 2007 to set the alumina market price at RMB 3,900/mt.
The 13 alumina producers are Shandong Weiqiao Aluminum, Chiping Xinfa, Luneng Jinbei, East Hope Group, Sanmenxia Kaiman Aluminum, Henan Huiyuan, Nanshan Aluminum, Luoyang Xiangjiang Wanji Aluminum, Yixiang Aluminum, Lubei Chemical, Yuneng Metallurgical Group, Nanchuan Xianfeng Alumina and Shanxi Xiaoyi Tianyuan Chemical Engineering.
As Chalco almost consented on the price, producers with capacity of over 95% of China total have the same tone. So alumina price will likely be stabilized.