18 JULY 2016Shanghai Metals Market
Will recent meeting of major producers offer welcome rain for alumina prices? SMM reports
Edited by : AL CIRCLE
1 min read
The China Nonferrous Metals Industry Association (CNIA) summoned domestic major alumina producers, including Chalco, Jinjiang Group, Shandong Xinfa Group, etc. for a meeting in Beijing last Thursday.
Persistent declines in alumina prices might be the main reason why the meeting was held, SMM understood.
Will the gathering give a boost to battered alumina prices?
The meeting will do little to arrest price declines, unless meeting participants reach a consensus over joint production cuts or alumina stockpiling, SMM noted.
SMM data showed weighted average price in domestic four major regions had fallen to 1,807 yuan/tonne as of last Thursday, June 14th.
Persistent declines in alumina prices might be the main reason why the meeting was held, SMM understood.
Will the gathering give a boost to battered alumina prices?
The meeting will do little to arrest price declines, unless meeting participants reach a consensus over joint production cuts or alumina stockpiling, SMM noted.
SMM data showed weighted average price in domestic four major regions had fallen to 1,807 yuan/tonne as of last Thursday, June 14th.
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