Alumina prices on an fob Australia basis continued to climb over the past week with buyers from China happy to pay above market levels to import cargoes, Fastmarkets heard on Tuesday May 19.
"The stronger aluminium prices and demand in China are propping up the international price of alumina," a trader said. "Plants are restarting and life is getting back to normal there, after the [Covid-19 pandemic] lockdown.""Deals have been taking us by surprise recently," a consumer said. "Logically, we expected alumina prices to settle somewhere around $230 per tonne, but buyers in China always seem content to pay $5 or $10 [per tonne] higher than everyone else. But their demand is strong and...