platts
Australian alumina falls on LME aluminium sinking to 2011 lows
Edited by : AL CIRCLE
1 min read
The Asia Pacific alumina market dropped $3 day-on-day Friday to $366/mt FOB Australia, dragged by a week of continuous losses in LME aluminium to record lows for 2011.
Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month.
On Friday a producer reported the sale of a mid-November 25,000 mt shipment at $366/mt FOB Western Australia with 30 days credit.
Refiners and smelters sources said it was too early for alumina prices to react, and expected more obvious impact next week.
Platts Australian alumina price benchmark was down $3/mt compared with a week earlier, also slipping $1/mt in the last month.
On Friday a producer reported the sale of a mid-November 25,000 mt shipment at $366/mt FOB Western Australia with 30 days credit.
Refiners and smelters sources said it was too early for alumina prices to react, and expected more obvious impact next week.
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