WEEKLY: Chinese alumina prices edge lower; stocks top three-year high

China's alumina prices in the spot market continued to fall last week, though at a slower pace, as overall supply remained abundant despite minor production disruptions in North China.
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Mysteel assessed the national average spot price for smelter-grade alumina with a purity exceeding 98.6 per cent at RMB 2,909 per tonne (USD 409 per tonne) on October 30, down by RMB 21 per tonne or 0.7 per cent from a week earlier. The drop was narrower than the 1 per cent decline recorded the previous week, Mysteel Global noted.
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