ALUMINA INDEX: Price rally slows as market trades in wide range

Uncertainty over the direction of the alumina market resulted in a wide spread between completed deals last week, leaving Metal Bulletin’s fob Australia index relatively stable week-on-week.

The alumina index was calculated at $244.81 per tonne, fob Australia, on Friday March 19, up marginally from $244 previously.
Deals reported to Metal Bulletin were concluded at between $242 and $249 per tonne, with those at the lower end indicating a “crack in the market”, meaning the index could succumb to lower levels in the coming weeks, a trader told Metal Bulletin.

After a flurry...

Published

Charlotte Radford

March 21, 2016

16:13 GMT

London