Fastmarkets calculated the benchmark daily alumina index, fob Australia at $285.18 per tonne on Friday, down only slightly from $285.42 per tonne on the previous day. Before Thursday, it had not traded above $285 per tonne for four weeks - it hit $288.51 on October 4.
Demand remains strong from China. A deal was concluded on Friday at $307 per tonne cif China, market participants said. The freight netback to fob Australia was assessed at around $23 per tonne.
A tender for 30,000 tonnes concluded at $290 per tonne on a fob...