Spot alumina prices in three major China markets reported a rise; other raw materials remain flat

Spot alumina prices in China are on an upward track in the major domestic market with a few exceptions like South China where they remain unchanged.

As on June 12 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market increased from RMB 2,660/t on June 9 to stand at RMB 2,670/t.  In the Central China Market, the average spot alumina price stands at RMB 2,670 /t, up from RMB 2,650 /t on June 9.

The average spot alumina price in South China market remains unchanged from June 9 at RMB 2,610/t. In the North China Market, the average spot alumina price increased from RMB 2,650/t on June 9 to stand at RMB 2,670/t. Market price difference between North China and South China has increased to RMB 60/t today as average spot alumina price in South China market remains flat.  

Alumina prices from large scale alumina enterprises remain unchanged in last week after registering the last gain on June 5.  Chalco alumina prices stand at RMB 2,650/t and are expected to move within a range of RMB 2,600 - 2,700/t.

In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t. To sum up, average alumina prices in all the domestic markets are at per with each other except the South China market.

According to Shanghai Metals Market record, daily average price of Prebaked Anode remains flat in all the major China markets on June 12 2017. Average price of Prebaked Anode (TY-1) in East China market stands at RMB 3,825 per tonne, Prebaked Anode (TY-1) Northwest China price is RMB 3,900 per tonne, Prebaked Anode (TY-1) Southwest China price is RMB 3,500 per tonne, and Prebaked Anode (TY-1) Central China price is RMB 3,550 per tonne.

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Prices of other raw materials remain unchanged after a massive drop on June 7. Price of Cryolite (CH-0&CH-1) is currently ranging at RMB 6,000-6,200 per tonne and the price of Aluminum Fluoride(AF-0&AF-1) is expected to move within a range of 9,000- 9,200 per tonne.