China's domestic alumina prices flat after aluminium price tumbles

Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.

Fastmarkets' weekly price assessment for alumina, metallurgical grade, exw China, was 3,900-4,150 yuan ($610-650) per tonne on Thursday, flat from a week earlier.
Domestic demand for alumina in China has been bogged down by poor downstream demand for aluminium. Most traders stepped away from active negotiations after the recent fall in aluminium prices on the Shanghai Futures Exchange.

The cooling in domestic aluminium prices came after the recent move by the Chinese government to rein-in soaring coal prices....

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