DAILY: Chinese spot alumina prices edge up, futures hit limit-up

China's spot alumina prices climbed across the country's five key production hubs on July 21, while alumina futures on the Shanghai Futures Exchange (SHFE) hit the daily limit-up during the daytime trading session on suggestions that China’s oversupplied alumina sector might be in Beijing’s sights for a revamp.

On Monday, spot prices for smelter-grade alumina with purity exceeding 98.6% rose by Yuan 20/tonne ($2.8/t) from last Friday to average Yuan 3,180/t in Shanxi province, Mysteel's daily price assessment showed. Meanwhile, prices for the same grade edged up by Yuan 10/t on day in Shandong, Henan, and Guizhou provinces and in the