The average alumina price has increased in all regions except Henan, Lianyungang and Bayuquan. As per the SMM data, the price in Shanxi has heightened by RMB 25 per tonne with an average of RMB 4,085 per tonne. Shandong and Guizhou regions experienced a hike in price by RMB 10 per tonne to close at RMB 4,010 per tonne and RMB 4,015 per tonne, respectively. Also, in Guangxi, the price has increased by RMB 15 per tonne, averaging at RMB 4,025 per tonne.
Rising demand from aluminium producers and supply constraint issues owing to recent production cuts at Alcoa and Rio Tinto’s alumina refineries in Australia have contributed to the unprecedented growth in alumina prices. The top alumina exporting nations have been facing supply chain issues and disruptions in production since Q2 of 2024. This has resulted in an alumina availability crunch.
