SMM Copper Aluminium Summit: Alumina price to stay supported

SHANGHAI, Mar 23 (SMM) – There is limited downward room for alumina prices due to costs of raw material and environmental concerns, according to Guo Qiuying, an aluminium analyst at SDIC Essence Futures.  

With a rebound in prices of raw material and low social inventory of alumina, Guo believes that alumina is likely to trade at 2,500-3,500 yuan/mt this year with an average of 3,150 yuna/mt.

He told delegates at the SMM Copper Aluminium Summit on Friday March 23 that having fewer participants in the alumina industry will provide a stronger position to negotiate prices.  

For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn