MONTHLY: China's alumina surplus to persist in December
China's alumina supply surplus is unlikely to ease significantly in December, as domestic output has shown little sign of large-scale curtailment, according to Mysteel's latest monthly report on the key raw material for primary aluminium smelting. Indeed, demand from the primary smelter sector remains steady but unimproved, the report notes.
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On the supply side, large-scale reductions among domestic alumina refiners have not occurred. Some producers briefly trimmed output in November for routine maintenance and in response to weakening profit margins and local government efforts to reduce atmospheric pollution, the report observed. However, these temporary and small-scale curtailments had only a marginal impact on overall production.
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