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

Published: Jul 17, 2017 11:08

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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

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