SHANGHAI, Mar. 29 (SMM) – Customs data showed China imported 372,400 mt of alumina in February, up 13.02% YoY, but down 26.63% MoM. Less alumina arrived in China due to holiday factor. Continuous alumina price rise left Chinese buyers cautious about importing. Both factors resulted in the month-on-month decline.
FOB prices of West Australian alumina rose 12.6% MoM in February, and are now approaching USD 250/mt and CIF prices have been raised to USD 255-260/mt. The price increase was driven by rising alumina prices in domestic market thanks to production cuts and rising aluminum prices.
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