ALUMINA ROUND-UP: Australia fob index at five-month high on new China deal

Alumina prices on an fob Australia basis have gone up over the past week due to a high-priced deal for material destined for China, but market participants were still searching for clarity on market conditions on Thursday February 20.

Fastmarkets calculated the daily alumina index, fob Australia, at $289.84 per tonne on Thursday, up from $281.69 per tonne a week earlier.
It was now at its highest level since September 27, 2019, when the index was calculated at $290.40 per tonne.
Key drivers:

A deal was concluded on February 19 at $319 per tonne for 30,000 tonnes of Western Australian alumina on a cif China basis. The freight cost was estimated at $20 per tonne, making the price equivalent...

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