SHANGHAI, Jul. 31 (SMM) – Growing pessimism over alumina prices in Chinese market has forced alumina suppliers in Australia to cut offers, SMM learned.
Will Aluminum Prices Soar from China’s “Category 7” Scrap Metal Import Ban? SMM Reports
FOB price of Australian alumina slid $ 1/tonne to $ 305.5/tonne last week.
Rusal Sees Additional Massive Aluminum Closures in China Before End of 2017
The weighted average alumina price in domestic four major markets dropped 16 yuan/tonne week-on-week to 2,526 yuan/tonne as of July 28, SMM data showed.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn