China’s average alumina spot price jumps by RMB33/t over the weekend to stand above a 2-year high

In Lianyungang and Bayuquan, alumina spot price has soared by RMB 85 per tonne to reach RMB 3,955 per tonne and RMB 3,965 per tonne, respectively, followed by a rise of RMB 40 per tonne in Shandong to RMB 3,860 per tonne. In Henan, Shanxi, Guizhou, and Guangxi, alumina price has unanimously increased by RMB 30 per tonne to start the week at RMB 3,870 per tonne, RMB 3,885 per tonne, RMB 3,875 per tonne, and RMB 3,910 per tonne, found SMM.

The Australian alumina FOB price has also increased over the weekend after remaining restrained since May 16. According to SMM, the price has grown by US$2 per tonne to stand at US$427 per tonne as of May 27.