WEEKLY: China's alumina prices soften further, inventories hit new high
Mysteel assessed the national average spot price for metallurgical-grade alumina with purity above 98.6 per cent at RMB 2,851 per tonne (USD 403 per tonne) on November 27, marking a marginal 0.3 per cent drop from a week earlier.
During the same week, alumina stocks reached another all-time high. According to Mysteel's latest survey, as of November 27, total alumina inventories across ten major Chinese ports, 44 alumina producers, 89 primary aluminium smelters, and rail yards or in transit had increased for the 26th consecutive week to 4.94 million tonnes, rising by 1.2 per cent on week and renewing the highest level since the survey began in January 2022.
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