ALUMINA ROUND-UP: Alumina prices stabilize near $280/t; eyes on China

Benchmark alumina prices for spot cargoes stabilized around $280 per tonne on Thursday December 12 while participants focus on business for 2020.

Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $279.46 per tonne on Thursday, little changed from $279.40 per tonne on the previous day. The index was above $280 per tonne on December 9 for the first time since November 14.
Key drivers:

A deal for Western Australian material with January 2020 loading was concluded at $280 per tonne on December 12. Last week a Nalco tender was awarded at $289.05 per tonne fob Visakhapatnam, India for January 4-8 laydays. The buyer noted the cargo is destined for Egypt, estimating...

Published

Alice Mason

December 12, 2019

16:01 GMT

London