China's alumina price is on an upward trend after many alumina refineries reduced production following transportation difficulties since the Wuhan coronavirus outbreak restricted their coal and bauxite supply, several sources told Fastmarkets on Monday February 10.
Despite a bullish sentiment in the market, some alumina analysts think the uptrend may not last long because China still has a lot of alumina inventory at its Lianyungang, Qingdao and Bayuquan ports and is continuing to import from overseas."We heard offers as high as 2,600 yuan per tonne and producers in northern regions were increasing prices as well. It seems...