Alumina market calms after quarantined Bayuquan cargo unloaded

The smooth unloading of a stranded alumina cargo locked in China's Bayuquan port calmed sentiment in the Chinese alumina market on June 17, sources said.

Offers for port material rose to 2,550 yuan ($398.37) per tonne on June 15, up 30 yuan per tonne from a week earlier, after news of the quarantined ship became widely known, sources said. “Offers rose after the news [of the trapped ship] but low spot buying appetite from smelters muted market activities,” an alumina...

Published

Hui Li

June 17, 2021

15:43 GMT

Shanghai