ALUMINA ROUND-UP: Fob Australia price well supported by continued Chinese demand

There has been a flurry of buying activity in the Chinese alumina market at the start of January, supporting the benchmark alumina price above $270 per tonne.

Fastmarkets calculated the benchmark daily alumina index, fob Australia at $277.36 per tonne on Thursday January 9, up from $275.77 per tonne on Wednesday. The index has traded between $275 and $277 per tonne since December 27.

Key drivers: 

Chinese demand for imported Western Australian alumina remains strong.  Around 90,000 tonnes was sold for shipment to China between January 3 and 9 at prices ranging $302-303.50 per tonne on...

Published

Alice Mason

January 09, 2020

15:58 GMT

London