Futures Market: Overnight, the most-traded alumina 2509 contract opened at RMB 2,890 per tonne, with a high of RMB 2,896 per tonne, a low of RMB 2,833 per tonne, and closed at RMB 2,837 per tonne, down RMB 58 per tonne or 2.00 per cent, with open interest at 310,000 lots.
Ore Market: As of June 12, the SMM Import Bauxite Index was reported at USD 74.35 per tonne, up USD 0.01 per tonne from the previous trading day; the SMM Guinea Bauxite CIF average price was reported at USD 74.5 per tonne, unchanged from the previous trading day; the SMM Australia Low-Temperature Bauxite CIF average price was reported at USD 70 per tonne, unchanged from the previous trading day; the SMM Australia High-Temperature Bauxite CIF average price was reported at USD 65 per tonne, unchanged from the previous trading day.
Industry News:
(1) According to SMM statistics on June 12, the total alumina inventory at domestic ports was 38,200 tonnes, down 18,800 tonnes from the previous week.
Basis Report: According to SMM data, on June 12, the SMM Alumina Index premium against the latest transaction price of the most-traded contract at 11:30 was RMB 380.99 per tonne.
Warrant Report: On June 12, the total registered alumina warrants decreased by 1,201 tonnes from the previous trading day to 82,900 tonnes. The total registered alumina warrants in the Shandong region remained unchanged at 601 mt from the previous trading day, in the Henan region remained unchanged at 300 tonnes, in the Guangxi region remained unchanged at 3,001 tonnes, in the Gansu region remained unchanged at 0 tonne, and in the Xinjiang region decreased by 1,201 tonnes from the previous trading day to 80,000 tonnes.
Overseas Market: As of June 12, 2025, the FOB Western Australia alumina price was USD 370 per tonne, with an ocean freight rate of USD 22.00 per tonne, and the USD/RMB selling rate was around 7.20. This price translates to approximately RMB 3,269 per tonne for the external selling price at major domestic ports, which is RMB 8.66 per tonne higher than the domestic alumina price, keeping the alumina import window closed.
Summary:
This week, the operating capacity of alumina increased by 1.74 million tonnes per year M-o-M to 89.01 million tonnes per year, and the availability of spot alumina was relatively looser compared to the previous period. This week, the total alumina inventory at aluminum smelters increased by 16,000 tonnes to 2.646 million tonnes. In the short term, the alumina fundamentals are expected to maintain a relatively loose pattern, and spot alumina prices are expected to pull back. Subsequent attention should be paid to changes in the capacity of domestic alumina enterprises and the supply of imported alumina.
Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.
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