Fastmarkets assessed the
price of alumina metallurgical grade, ddp China at 2,380-2,450 yuan ($337-347) per tonne on Thursday, down 22.72% from the May peak of 3,050-3,200 yuan per tonne.
Some market participants reported hearing deals concluded at 2,350-2,380 yuan per tonne this week from a big alumina producer in southern China who has being struggling to shift large stockpiles.
Other suppliers, including China Hongqiao Group, Xinfa Group and Jinjiang’s subsidy in northern China,...
