Last Friday, spot prices for smelter-grade alumina with purity exceeding 98.6 per cent remained unchanged from the previous working day in Shandong, Henan, Shanxi and Guizhou provinces and in the Guangxi autonomous region at RMB 3,205-3,325 per tonne (USD 446-463 per tonne), according to Mysteel's daily price assessment.
The static spot prices were largely the result of subdued trading activity in the domestic spot alumina market that day, as buyers and sellers were unable to agree on suitable price levels, market sources observed.
Alumina producers showed little willingness to cut offers, as they sensed late in the week that alumina production had slowed. However, many primary aluminium smelters were reluctant to purchase additional volumes, given their sufficient raw material inventories. Mysteel did not hear of any concluded deals on August 15.
Meanwhile, domestic alumina futures gained some ground on Friday night following daytime declines. The most-traded January 2026 contract on the Shanghai Futures Exchange rose by 0.6 per cent to close Friday's nighttime session at RMB 3,225 per tonne, after falling 1.32 per cent during the daytime session, according to the exchange's data.
Note: This news is published under content exchange agreement with Mysteel.
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