According to the SMM price list, China’s domestic alumina price has climbed down the graph by RMB 8 per tonne to stand at RMB 5,757 per tonne. Compared to the previous week, the price is standing at RMB 12 per tonne lower than RMB 5,769 per tonne on December 12.
In Henan, alumina price has seen a plunge of RMB 15 per tonne in the context of maximum production cuts at aluminium smelters this season. The price is averaged at RMB 5,750 per tonne, ranging between RMB 5,700-5,800 per tonne. Alumina price in Shanxi has also witnessed a steep fall of RMB 15 per tonne, reaching RMB 5,795 per tonne.
The Australian alumina FOB price has shed off US$11 per tonne, reaching US$670 per tonne, down by US$10 per tonne from a week ago. The downtrend in the imported alumina price since the beginning of December indicates a gradual ease of alumina tightness in the Chinese domestic market. Moreover, more than 13 million tonnes of domestic alumina capacity is slated for 2025. Furthermore, in 2026, the availability is likely to ramp up, with Vedanta Resources planning to begin a new 6 million tonnes per annum alumina refinery and EGA planning to own 2 million tonnes per annum refinery in Guinea.
