MONTHLY: China's alumina price gains to slow in June amid easing supply tightness

Following a rebound in May, the pace of increases in China’s spot alumina prices is likely to slow in June, as tight supply conditions gradually ease, according to Mysteel’s latest monthly alumina market report.

Last month, domestic spot alumina prices entered an upward trajectory after China's Labour Day holiday ended on May 6. Mysteel's assessments showed the national weighted monthly average price for metallurgical-grade alumina with purity above 98.6% rose by Yuan 153/tonne ($21.3/t) or 5.3% from April to reach Yuan 3,067/t in May, reversing the 10.8% on-month