ALUMINA ROUND-UP: Fob Australia price drops back to $280/t, Atlantic discount narrows

The fob Australia alumina price retreated to $280 per tonne on Friday November 8 because of reduced liquidity and continued poor downstream demand.

Fastmarkets calculated the benchmark daily alumina index, fob Australia at $280.80 per tonne on Friday, down from $282.12 per tonne on the previous day. The index hit a four-week high of $285.42 per tonne on October 31. Key drivers A deal for 30,000 tonnes of Western Australian material concluded on November 7 at $280 per tonne for December loading, pushing the index lower. Consistent Chinese demand and increased imports have supported the fob Australia price in recent weeks but no new deals were completed on a cif China...

Published

Alice Mason

November 08, 2019

16:35 GMT

London