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...