Chinese alumina market shows signs of recovery amid supply disruptions, sources say

China’s alumina market is showing signs of a recovery following the emergence of higher offer prices by domestic producers this week due to a number of production cuts in the country, market sources told Fastmarkets on Wednesday August 14.

Several alumina operations in eastern and northern China, including China Hongqiao Group’s facility in Shandong province that is said to be suffering from severe flooding caused by Super Typhoon Lekima, are reportedly operating at reduced rates.
“It seems the alumina market gained some strength from those production cuts. And Hongqiao Group suffering from the flood was further encouragement [for producers to raise their offer prices],” a trader told Fastmarkets on the sidelines of an alumina conference in the Chinese city of Guiyang on Wednesday.

“On Monday, offers were mostly around 2,500 yuan per tonne while [on Tuesday] I heard they had increased to 2,560 yuan per tonne,”...

Published

Hui Li

August 15, 2019

12:00 GMT

Guiyang