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Mysteel

WEEKLY: China alumina prices edge up on supply disruptions despite ample stocks
Alumina
For the week of June 15-22, domestic alumina spot prices edged higher, with market trading activity remaining relatively steady. According to MySteel’s price assessment, the weighted national average spot price for smelter-grade alumina (minimum purity 98.6 per cent) stood at RMB 2,755 per tonne on June 22, up from RMB 2,731 per tonne at the start of the period. On the supply side, a smelter in Shanxi recently halted feeding at its digestion stage due to red mud disposal issues. Currently, on ...
China June aluminium prices to remain capped by risk aversion, despite firm fundamentals
Primary AL
China aluminium prices trended lower through late May, with Mysteel regional A00 ingot averages retreating between 1.38 per cent and 1.45 per cent month-on-month. The market remained locked in a tug-of-war between macro headwinds and fundamental resilience. While persistent rate hike expectations capped upside potential, continuous inventory destocking anchored the price floor, limiting the downside. Heading into June, prices are expected to remain under pressure from the prevailing macro bac ...

Primary AL
China's primary aluminium output rose by 1.7 per cent on year to 3.89 million tonnes in May, according to the latest data released on June 16 by the country's National Bureau of Statistics (NBS). May's output marked a 0.5 per cent uptick from the previous month, Mysteel Global's calculation based on the NBS data showed. On a per-day basis, national primary aluminium output averaged 125,484 tonnes last month, up by 1.6 per cent from a year earlier but down by 2.7 per cent from April, Mysteel ...
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