Chinese alumina price hits fresh 31-month low amid greater supply from seaborne market

The price of alumina in China fell to its lowest since May 2017 this week amid an abundance of material coming in from the seaborne market despite an already oversupplied domestic market.

China imported 240,000 tonnes of alumina in October, an increase of 90,000 tonnes - or 60% - from the prior month’s 150,000 tonnes, according to Chinese customs data released on November 25. Imports for the first ten months of the year totaled 1.03 million tonnes, more than double the 460,000 tonnes received in the same period of 2018.
Market participants told Fastmarkets this increased availability of seaborne alumina is putting more pressure on the already oversupplied domestic market in China, with the country said to running a surplus of 200,000 tonnes per month this year - which is excluding imported material.

“For sure the increased inflows from ex-China...

Published

Hui Li

December 05, 2019

09:30 GMT

Shanghai