China’s alumina market shows limited reaction to winter cuts; bearish sentiment lingers

China’s alumina market largely shrugged off news that several Chinese cities have released plans for winter aluminium output cuts, with the impact of these cuts on alumina production expected to be limited, market participants told Fastmarkets on Thursday October 29.

Xinfa Group, one of China’s largest alumina producers, is exempt from any production cuts during the coming winter months, while China Hongqiao’s alumina refinery in Shandong province is only required to reduce operations during times of heavy pollution with no specific volume that must be cut given.

“We believe the impact on alumina output should be limited because a large producer like Xinfa has already...

Published

Hui Li

October 30, 2020

04:50 GMT

Shanghai