Shanghai Nonferrous Metals News
SMM: The weighted average alumina price fell by RMB3/t w-o-w to RMB2,206/t on Friday. Market transactions were few with downstream aluminium smelters watchful and alumina refineries and traders having to comprise on prices.
With downstream demand remaining weak and continued steady operations of domestic alumina refineries, domestic alumina prices are unlikely to surge over the short-term. Furthermore, new arrivals of low-cost alumina imports have the potential to weigh on domestic prices.