Spot alumina transaction prices in northern regions continue to narrow decline; spread between futures and spot prices continues to narrow

As for spot alumina transactions, in Henan, 7,000 tonnes of spot alumina were transacted at a price range of RMB 3,880-3,900 per tonne.

The spot-futures price spread daily report suggests that, according to SMM data, as of 11:30 on January 22, the SMM alumina index showed a premium of RMB 392 per tonne against the latest transaction price of the most-traded contract.