Fastmarkets assessed the alumina metallurgical grade, ddp China
price at 2,300-2,330 yuan ($325-330) per tonne on Thursday, up from 2,250-2,280 yuan per tonne the week prior.
This is the first upward movement in the price since June 11 for the domestic alumina market, which has been lacking momentum due to its well-supplied fundamentals.
Thursday’s 2.2% increase was attributed to the jump in the SHFE aluminium front month price
The contract rose above 14,000 yuan per tonne on Tuesday June 30 and hit a...