Spot alumina prices in major China markets on upward track; Prebaked anode remains flat

Spot alumina prices in China are on an upward track and now continuing to grow firm throughout all the major markets.

As on May 31 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market increased from RMB 2,490 /t on May 26 to stand at RMB 2,510 /t.  In the Central China Market, the average spot alumina price stands at RMB 2,500 /t, up from RMB 2,480 /t on May 26.

The average spot alumina price in South China market increased from RMB 2,445/t on May 26 to stand at RMB 2,475/t today. In the North China Market, the average spot alumina price increased from RMB 2,475/t on May 26 to stand at RMB 2,495/t. Market price difference between north China and south China dropped to RMB 20/t.

Alumina prices from large scale alumina enterprises remain unchanged in May.  Chalco alumina prices stand at RMB 2,550/t and are expected to move within a range of RMB 2,500- 2,600/t.

In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t.

Currently, among the domestic markets, East China market has the highest alumina price, North China following close.

According to Shanghai Metals Market record, daily average price of Prebaked Anode remains flat in all the major China markets on May 31 2017. Average price of Prebaked Anode (TY-1) in East China market stands at RMB 3,745 per tonne, Prebaked Anode (TY-1) Northwest China price is RMB 3,900 per tonne, Prebaked Anode (TY-1) Southwest China price is RMB 3,500 per tonne, and Prebaked Anode (TY-1) Central China price is RMB 3,550 per tonne.

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On a monthly analysis, the average price of Prebaked Anode in major China markets registered a rise in May from April.