Alumina Market Report April 2011
2011-05-05 14:07:05 【Print】
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Over the course of April, Chinese aluminum ingot market did not go down sharply with the mainstream price hovering at RMB16,500-16,700/t. However, the combination of increasing supply of alumina and lagging-off production of aluminum ingot experienced in the domestic market has the price of alumina moving down with fluctuations, and the current price of alumina in spot market is lower than that in long-term commitment market. The alumina producers do not cut production as the market is profitable, on the contrary, more alumina projects are adding in some provinces.
