China's spot alumina prices steady, trading rises

Spot prices of alumina in China's major alumina-producing areas logged some gains on February 21, with traders becoming active in purchasing the material. However, its futures prices posted losses on the same day as the market expected an increase in alumina supply with the release of new alumina refining capacity.

The average prices for alumina with a purity level of over 98.6% in Central China's Henan and East China's Shandong both edged higher by another Yuan 30/t ($4.1/t) on day to reach Yuan 3,350/t and Yuan 3,300/t on February 21, according to Mysteel's assessment. Meanwhile, the average prices for