Home / Metal News / China’s Alumina Import Window Has Remained Closed since January 18

China’s Alumina Import Window Has Remained Closed since January 18

iconMar 14, 2023 17:06
Source:SMM
SHANGHAI, Mar 14 (SMM) - Alcoa announced in early January that production at its Kwinana alumina refinery in Australia would be cut by 30% due to natural gas shortages, affecting about 700,000 mt/year of capacity.

SHANGHAI, Mar 14 (SMM) - Alcoa announced in early January that production at its Kwinana alumina refinery in Australia would be cut by 30% due to natural gas shortages, affecting about 700,000 mt/year of capacity. The refinery remained closed as of March 10, and the time for resumption was unknown. The output cuts kept overseas alumina prices at highs. Alumina prices stood at $366/mt FOB Western Australia on March 10, equivalent to 3,140 yuan/mt CIF major ports in China, which was 204 yuan/mt higher than the domestic spot prices. The import window has been closed since January 18.

Market
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news