More Losses in Store for Alumina Prices?

SHANGHAI, Mar 24 (SMM) - Recently, transportation in Binzhou, Jiaozuo and some other regions in north China has been hindered by COVID containment measures, which tightened the spot supply of raw materials and alumina and led to regional imbalance of supply and demand.

A series of positive factors will support further rise in alumina prices in China, SMM foresees.

Alumina prices in China have been rising for weeks and more gains are on the way, SMM predicts.

Alumina prices in China, which had been mired in downward track over the past few months, will not turn any worse in the second half of the year, SMM expects.

Alumina supply in China will gradually shift into a small surplus with release of new and restarted alumina capacity in May, SMM foresees.

Alumina prices in China will sustain gains in the near future on falling output, but momentum is unlikely to be as strong as before, SMM expects.

Alumina prices in China remained stuck in downward track in October. Where does the bottom lie?

Alumina prices in China’s Guizhou province lost 50 yuan per tonne to 2,400 yuan ($387) per tonne last week as local supply glut escalated, SMM data showed.

SHFE 1503 aluminum contract rose to RMB 12,950/mt early last week, but then fell back due to profit taking at highs.