Mysteel: China alumina prices drop further, market sentiment remains bearish

Source: Mysteel Apr 08, 2025 13:39

On April 8, Mysteel daily assessments for Shanxi spot alumina were Yuan 2,880-2,950/t, EXW and including VAT, down Yuan135/t from a week ago.

China's alumina prices in the spot market and the futures market both fell below Yuan3,000/t last week. Market sentiment remained bearish despite a further decline in alumina operating capacity. We observed more production cuts in northern regions. However, the expanded curtailment was not enough to change the surplus of