Supply Deficit to Underpin Alumina Prices, SMM Expects

Published: Sep 22, 2016 09:47

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Alumina supply in China is now in a deficit, and this will allow prices of the aluminum smelting raw material to hold firm in September, SMM predicts.

SHANGHAI, Sep. 22 (SMM) –Alumina supply in China is now in a deficit, and this will allow prices of the aluminum smelting raw material to hold firm in September, SMM predicts.

Alumina market has now turned into a seller’s market, despite weak buying interest from most large aluminum smelters. Alumina supply tightness will not ease in the near term, considering limited imports this year, SMM added.

China Unwrought Aluminum and Aluminum Semis Exports Surge in August

SMM data showed weighted average alumina price in domestic four major markets advanced further to 1,940 yuan per tonne in mid-September.

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