China market resumes with a bullish trend, marking an alumina price surge of RMB16/t
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Update time : 2024-10-09 15:21:05
According to the Shanghai Metals Market, China’s domestic alumina market has resumed after a week-long National Day holiday with a price surge of RMB 16 per tonne to stand at RMB 4,108 per tonne as of Tuesday, October 8. With the latest rise, China’s domestic alumina price has recorded a month-on-month hike of 4.32 per cent from RMB 3,938 per tonne, and year-on-year, the price has skyrocketed by 38.55 per cent from RMB 2,965 per tonne.
The price hike has unanimously touched upon all the major alumina consumption areas in China, resulting in prices above RMB 4,000 per tonne. In Shandong and Henan, the domestic alumina prices have amounted to RMB 4,070 per tonne and RMB 4,100 per tonne, experiencing an increase of RMB 20 per tonne. In Shanxi and Guizhou, the prices have heightened by RMB 15 per tonne and RMB 10 per tonne to settle at RMB 4,175 per tonne and RMB 4,085 per tonne, respectively.
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