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Possible production restarts may pressure alumina prices in China
Edited by : Beethika Biswas
1 min read
According to an SMM report, alumina prices in China, that have rallied recently, fuelled by production cutbacks, could face pressure from a possible massive production restarts.
It is assumed that about 2.17 million tonnes of alumina capacity, which was curtailed in order fight pollution issues in China and which accounted for 56.7% of total capacity cuts, may resume operation once environmental checks get over at the end of May.
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The average alumina price in domestic four major markets jumped 7.54% to about RMB 2,500/t as of May 31.
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