Alumina Price Drop in Domestic and Overseas Markets Likely
SHANGHAI, Jul.6 (CBI China) -- Overseas alumina prices fell from USD 380/mt –USD 420/mt to USD 350/mt due to capacity growth in overseas countries.
Chinese domestic alumina prices remained between RMB 3,700 and 3,800/mt. In this context, imports to China should increase due to lower import prices.
CBI believes domestic prices in Q3 should fall as capacity outstrips downstream demand.
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