According to Mysteel's price assessment, the national average spot price for metallurgical-grade alumina with purity above 98.6 per cent dipped by RMB 4 per tonne (USD 0.6 per tonne) on the day last Friday to stand at RMB 2,873 per tonne, including 13per cent VAT.
Explore- Most accurate data to drive business decisions with 50+ reports across the value chain
By region, assessed prices for the same grade in Shandong, Shanxi, and the Guizhou provinces and in the Guangxi autonomous region fell by another RMB 5 per tonne from Thursday to range between RMB 2,780 and RMB 2,960 per tonne, while those in Henan province held steady at RMB 2,855 per tonne.
As alumina inventories climbed further across the country, alumina producers and traders with weaker bargaining power continued to trim offers to reduce their stockpiles, dragging spot alumina prices lower, according to market watchers. Moreover, the ongoing price weakness caused some producers to begin losing money on sales, prompting several to curtail output last week to avoid further negative margins.
Meanwhile, many primary aluminium smelters refrained from purchasing on the last working day of the week, having already secured sufficient quantities of the raw material earlier. As a result, trading activity in the spot market was minimal on November 7, with Mysteel not hearing of any deals being concluded.
Read More: NBS: China's Sept alumina output rises 8.7% Y-o-Y to record high
In contrast, on the Shanghai Futures Exchange, domestic alumina futures prices rebounded, with the most-traded January 2026 alumina contract closing Friday's nighttime trading session 0.9 per cent higher at RMB 2,805 per tonne as of 1 a.m. last Saturday, extending a 0.11per cent gain seen at the close of Friday's daytime trading.
Don't miss out- Buyers are looking for your products on our B2B platform
Note: This news is published under a content and exchange agreement with Mysteel
Responses
