Benchmark alumina prices in the Pacific are under pressure due to quiet market conditions and weak demand, despite ongoing production restrictions at Hydro's Alunorte refinery in Brazil.
Fastmarkets benchmark alumina index, fob Australia was at $273.44 per tonne on Wednesday September 9, down by 3.8% from a five-month high of $284.32 per tonne on August 21.The news initially sent prices higher and caused a surge in buying activity in the market, with deals in August concluding as high as $298.25 per tonne cif China and $297.76 per tonne on a fob Visakhapatnam, India,...