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

Published: Jul 17, 2017 11:08

Save

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 alumina prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

26 mins ago

East China Market Sellers Held Prices Firm, While Transaction Premiums Continued to Narrow [SMM Midday Spot Aluminum Commentary]

26 mins ago

3 hours ago

Haier Smart Home Leads Shandong's Key AI Multimodal Interaction Project for Smart Appliances

Recently, Haier Smart Home, leveraging its deep cultivation of artificial intelligence technologies and smart home strategy, was successfully approved to take the lead in the Shandong Province “Strategic Key Standardization Project for Critical AI Multimodal Interaction Technologies in Smart Home Appliances,” becoming the only lead enterprise in the industry in Shandong Province.

3 hours ago

Haier Smart Home Leads Shandong's AI Multimodal Tech Standardization Project

Recently, Haier Smart Home, leveraging its deep expertise in artificial intelligence technology and smart home strategy, was successfully approved to take the lead in the Shandong Province “Strategic Key Project for the Standardization of Key AI Multimodal Interaction Technologies for Smart Home Appliances,” becoming the only leading enterprise in the industry in Shandong Province. This represents Shandong Province’s strong recognition of the enterprise’s technological innovation capabilities and is also an important practical step in Haier Smart Home’s development of a platform-based, service-oriented technology ecosystem enterprise: through the standardization of AI technologies for smart home appliances, it will help drive the coordinated upgrading of smart home appliance technologies across the industry.

3 hours ago