Speaking at Fastmarkets’ International Aluminium Conference on Monday September 21, Robb said: “It feels like the market is somewhat rangebound because of the supply and demand dynamics we’re seeing out there.”
“Until one of those legs moves significantly different than the other one you’ve got calmer waters.”
Fastmarkets’ benchmark alumina index, fob Australia
stood at $272.71 per tonne on September 21 and has been between $269 and $280 per tonne throughout the whole of September.
There was some market expectation that a supply disruption at Hydro’s Alunorte refinery in Brazil in August would push prices higher again –...