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Home / Metal News / Tug-of-War between Australian Alumina Suppliers and Chinese Buyers, SMM Reports

Tug-of-War between Australian Alumina Suppliers and Chinese Buyers, SMM Reports

iconJul 17, 2017 11:08
Source:SMM
Alumina suppliers in Australia and buyers in China have entered a deadlock after Alcoa announced to restart aluminum smelter in Indiana, SMM learned.

SHANGHAI, Jul. 17 (SMM) – Alumina suppliers in Australia and buyers in China have entered a deadlock after Alcoa announced to restart aluminum smelter in Indiana, SMM learned.

Chalco Raises Aluminum Prices Further After Dramatic Hike

Despite declines in Chinese alumina market, Australian suppliers held FOB price firm at $ 307/tonne out of optimism that restart of Alcoa’s smelter would boost alumina prices.

Chinese buyers, on the other hand, could not accept current prices, thus leaving trading virtually stagnant. 

Profit Expands Sharply at Chinese Aluminum Smelters, SMM Says

For news cooperation, please contact us by email:sallyzhang@smm.cn or service.en@smm.cn.

australian alumina prices
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For queries, please contact William Gu at williamgu@smm.cn

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