29 SEPTEMBER 2016AlCircle.com
China alumina prices set for more gains, SMM foresees
Edited by : Dipanwita Gupta
1 min read
<p>Alumina prices in China major markets are logging healthy growth trends. Shanghai Metal Market analysts say a number of positive factors will further support the rise. <br /><br />Increasing costs and speculations triggered by the recently introduced transport regulations will continue adding momentum to the uptick in alumina prices, analysts explained.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Alumina(2).jpg" alt="News" width="480" height="420" /><br /><br />According to the latest SMM data, alumina costs surged 100 yuan per tonne in the past two months driven by the rising bauxite prices, caustic soda lye, lime and coal.<br /><br />{googleAdsense}<br /><br />China has lowered the ceiling of vehicle loading capacity from the earlier 55 tonnes to 49 tonnes for 6-axle trucks, effective September 21. This would result in over 30 per cent increase in overal vehicle transport costs.</p>
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