China alumina price hits four-month high on SHFE aluminium price gains

The Chinese alumina price rose to its highest level in four months on Thursday July 9, supported by a strong aluminium futures price on the Shanghai Futures Exchange.

Fastmarkets’ weekly assessment for alumina metallurgical grade, ddp China soared to 2,400-2,450 yuan ($343-350) per tonne on July 9, up by 100-120 yuan per tonne in a week from 2,300-2,330 yuan per tonne on July 2. The price is now at its highest level since March 19, when it reached 2,450-2,550 yuan per tonne.
Market participants attributed this sharp increase to an upswing in the SHFE aluminium price.

The aluminium front month price on the SHFE started to show...

Published

Hui Li

July 13, 2020

16:08 GMT

Shanghai