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THINK ALUMINIUM THINK AL CIRCLE
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.
Increasing costs and speculations triggered by the recently introduced transport regulations will continue adding momentum to the uptick in alumina prices, analysts explained..jpg)
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.
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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.
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