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DAILY: Chinese alumina prices inch higher in spot, futures markets
01 Jun 20262MINS
Alumina
China’s alumina price rose to RMB 2,707 per tonne as regional gains and Guinea bauxite concerns lifted market sentiment. Mysteel assessed the national average price for metallurgical-grade alumina with a minimum purity of 98.6 per cent at RMB 2,707 per tonne (USD 400 per tonne) last Friday, higher ...
China inventory continued to decline this week, aluminium prices showed LME outperforms SHFE in the short term
01 Jun 20267MINS
Primary AL
Futures: The SHFE aluminium 2607 contract closed at RMB 24,265 per tonne, down 0.31 per cent. The price fell below the key moving average MA5 (24,375), trading below MA10 (24,426), MA30 (24,691.67), and MA60 (24,704.92). The moving averages were in a bearish alignment, indicating a clearly weak sh ...

31 May 20264MINS
Primary AL
Rio Tinto has successfully started commissioning its USD 1.5 billion AP60 smelter expansion at Complexe Arvida in Quebec, marking a major milestone for the deployment of its state-of-the-art, low-carbon aluminium smelting technology. The start-up, which began in March, is expected to be completed ...
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