Local rail suspension in Hebei prompts surge in Chinese alumina buying

The Chinese alumina price rose slightly this week following a spate of panic buying after railway transport in Shijiazhuang, in the northern Chinese province of Hebei, was suspended amid a rise in Covid-19 infections, market participants told Fastmarkets.

All trains arriving in or departing from Shijiazhuang, the capital city of Hebei, have been canceled since Wednesday January 6. Shijiazhuang City has also adopted strict restrictions on the entry and exit of vehicles and people, the People’s Government of Hebei Province official website said on Thursday.

“Alumina deliveries to northern regions were not smooth, especially areas close to Hebei province,...

Published

Hui Li

January 07, 2021

16:46 GMT

Shanghai