China alumina price yet to react to official warning on overcapacity

The domestic alumina market in China has shown no immediate effects from the country’s official warning of an overcapacity for the material, issued at the end of last year.

Fastmarkets assessed the free market price of metallurgical-grade alumina, delivered duty paid, at 2,800-2,900 yuan ($408-423) per tonne on Thursday January 10, unchanged from a week before but still its lowest level since July 2018. The National Development & Reform Commission and the Ministry of Industry & Information Technology issued a Notice of Promoting Orderly Development in the Alumina Industry on December 28 last year, just before the seasonal break. The notice asked officials to create scientific plans and set up strict inspections for new...

Published

Hui Li

January 11, 2019

13:45 GMT

Shanghai