SHANGHAI, May 17 (SMM) – Alumina supply in China will gradually shift into a small surplus with release of new and restarted alumina capacity in May, SMM foresees.
SMM estimates about 200,000 tonne supply deficit in domestic alumina market, excluding imported alumina.
There is still room for alumina prices to rise in the near term, but the upside space will be limited by growing supply, SMM added.
As of May 17, SMM alumina price was reported at 1,996 yuan per tonne.
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