China Aluminium Network
Chinalco Lowers Alumina Prices by 6.7% to CNY2800/Ton
Edited by : AL CIRCLE
1 min read
Chinalco has lowered its alumina prices by 6.7% to CNY2800/Ton, the company said on Thursday.
Analysts said the price cut likely indicates a bearish outlook for the aluminium industry from the country’s largest aluminium producer due to global economic uncertainty and a lack of clarity on the direction of domestic monetary policy.
Traders said the cut may also be a result of domestic producers turning to alumina imports due to their price advantage and better quality.
Analysts said the price cut likely indicates a bearish outlook for the aluminium industry from the country’s largest aluminium producer due to global economic uncertainty and a lack of clarity on the direction of domestic monetary policy.
Traders said the cut may also be a result of domestic producers turning to alumina imports due to their price advantage and better quality.
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