Alumina Prices in Shanxi still in Downward Trajectory amid Growing Market Pessimism

SHANGHAI, May 26 (SMM) - At present, logistics in Shanxi has basically recovered, and local alumina prices lost another 5 yuan/mt to 2,890-2,950 yuan/mt today under the pressure of high inventory. Alumina market in north China is still a buyer’s market.  Market shall pay close attention to whether exports will be strong enough to digest surplus alumina in the domestic market. If the export is lower than expected, alumina prices will fall further and seek support at the cost side. In south-west China, due to the increase in demand brought about by resumption of production of aluminium smelters in Yunnan, alumina offers remained firm. The SMM alumina index stood at 2,995 yuan/mt today, down 1 yuan/mt from yesterday.