Alumina Prices to Extend Bull Run, SMM Expects

SHANGHAI, Sep. 6 (SMM) –Alumina prices in China have been rising for weeks and more gains are on the way, SMM predicts.

Trading activity has turned active, SMM learned. While some large aluminum smelters are still watching from the sidelines, low stocks have encouraged large alumina producers to hold offers firm.

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Luoyang Xiangjiang Wanji Alumina Plant began resuming production two weeks ago, but this will have limited impact on market supply this month because the plant needs to fulfill orders received earlier, SMM added.     

SMM data showed weighted average traded price for alumina was 1,863 yuan per tonne in the week ending September 2, up 1.18% on a weekly basis.   

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