Weak demand puts pressure on spot alumina prices

Benchmark alumina prices fell on Tuesday January 9, with limited buying interest seen for spot cargoes in the Pacific market, despite a recovery in smelter margins.

Metal Bulletin’s daily fob Australia alumina index was calculated at $390.43 per tonne on Tuesday, down from $393.36 per tonne the previous day.
Market participants foresaw a price floor for the raw material last week, citing stronger aluminium prices on the London Metal Exchange, bringing alumina prices as a percentage of the metal price into line with historic averages.

The three-month aluminium price on the bourse rallied to...

Published

Charlotte Radford

Susan Zou

January 09, 2018

20:06 GMT

London, Shanghai