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.
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