A higher volume of inquiries and deals over the course of the week took the benchmark alumina index on an uptrend since Tuesday.
Fastmarkets’ alumina index, fob Australia
rose to $272.83 per tonne on Wednesday - its highest since early September
- following deals concluded at $290 per tonne cif China and $274 per tonne fob Australia.
The market reported another deal concluding at $275 per tonne for 30,000 tonnes, fob Australia on Thursday.
“We are negotiating with an international seller at a price around $275 per tonne as we consider this could save us some money compared with [Chinese] domestic material,” one Chinese domestic alumina trader told Fastmarkets earlier on Thursday before the deal was reported.
Market sources said seaborne cargoes remain profitable at...