Alumina Prices Dropped Slightly, but Found Solid Cost Support

SHANGHAI, May 19 (SMM) - The price of alumina in Shanxi fell again today. Between the game between buyers and sellers, the market is tilted more towards a buyer’s market. SMM will continue to pay attention to the export situation of alumina, and whether exports can digest part of the domestic surplus from the perspective of demand. If the export is lower than expected, alumina prices will seek cost support. The SMM weighted alumina index stood at 3,010 yuan/mt today, down 2 yuan/mt from yesterday. The index was dragged down by a drop of 5 yuan/mt in Shanxi, while prices in other regions were flat.