Alumina Import Window in China to Remain Closed amid Polarised Price Trends between Domestic and Overseas Markets

SHANGHAI, Mar 4 (SMM) - The alumina prices in China kept moving downwards with the output release from production resumptions and new capacity. The price difference between the domestic and overseas markets is now close to 800 yuan/mt. The import window has been closed since February 18, and looks unlikely to open any time soon. The price difference may continue to expand.

As of March 4, the SMM weighted alumina index stood at 2,981 yuan/mt, down 39 yuan/mt from yesterday. The prices stood between 2,950-3,000 yuan/mt in Shandong (down 25 yuan/mt), 2,980-3,020 yuan/mt in Henan (down 45 yuan/mt), 2,950-2,980 yuan/mt in Shanxi (down 35 yuan/mt), 2,950-2,980 yuan/mt in Guangxi (down 35 yuan/mt), 2,960-3,000 yuan/mt in Guizhou (down 40 yuan/mt), and 3,200-3,300 yuan/mt in Bayuquan (flat).