ALUMINA ROUND-UP: Fob Australia price at 4-week high; more trades in Fastmarkets-LME contract

The alumina price on a fob Australia basis rose to $285 per tonne in the week ending Friday November 1, its highest since early October, thanks to continued import demand from China.

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. Key drivers: 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...

Published

Alice Mason

November 01, 2019

17:19 GMT

London