The Domestic Alumina Prices Continue to Quote Flat while Overseas Prices Gradually Declined

SHANGHAI, May 13 (SMM) - The alumina prices FOB Western Australia dropped back to $365/mt, losing all the increase since February. The prices were in a downward trend and stood at $350-360 yuan/mt. 

The newly added capacity of domestic alumina has gradually released, but the significant decline still depends on the control of the pandemic and the speed of new products entering the market. At present, the market's expectation of new capacity is gradually strengthened, and it also begins to accept that the follow-up market will be in a surplus state, and the alumina prices will gradually go downward. It is necessary to wait for the guidance of large-scale transactions.

SMM weighted index was 3,016 yuan/mt in different regions today, flat from yesterday.

It was quoted at 2,950-3,060 yuan/mt in Shandong, flat from yesterday.

It was quoted at 3,020-3,130 yuan/mt in Henan, flat from yesterday.

It was quoted at 2,950-2,980 yuan/mt in Shanxi, flat from yesterday.

It was quoted at 2,960-3,040 yuan/mt in Guangxi, flat from yesterday.

It was quoted at 3,000-3,050 yuan/mt in Guizhou, flat from yesterday.

It was quoted at 3,150-3,200 yuan/mt in Bayuquan District, flat from yesterday.