Industry News

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

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Update time : 2024-05-28 16:55:08
According to the Shanghai Metals Market survey, China’s average alumina spot price has jumped by RMB 33 per tonne over the weekend to stand at RMB 3,878 per tonne as of May 27. This latest hike has marked China’s domestic alumina price 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.

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