15 JULY 2011http://www.platts.com/
Asia Pacific region's alumina weakened by unplaced cargoes
Edited by : AL CIRCLE
1 min read
Platts alumina price benchmark closed Thursday at $378.50/mt FOB Australia, dropping $1.50/mt on Wednesday from unplaced cargoes.
A consumer reported receiving an unsolicited offer at below $380/mt FOB Australia, for shipment in the second-half of August, for which it was likely to turn away.
A trader reported seeing August buying interest at $377/mt FOB Australia, to which it was aiming to sell at $380-381/mt.
The $377/mt buy rate would be the most competitive to date. Other buy indications have been seen at $365-375/mt FOB Australia.
Rio Tinto warned Thursday that the floods in Queensland, Australia between December 2010 and April 2011 would continue to have an impact on RTA's output and costs into the second half of 2011, although on a smaller scale than Q1.
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