DAILY: Chinese alumina prices dip in spot, futures markets

By region, Mysteel's assessed prices in Henan, Shanxi, Guizhou provinces and in the Guangxi autonomous region were flat from the previous day, ranging between Yuan 2,835/t and Yuan 2,905/t, while those in Shandong province dropped by Yuan 5/t to average 2,765/t.

The recent marginal price drops reflected the overall stability of the spot alumina market at relatively low levels. As ample alumina availability continued to weigh on prices, some producers and traders trimmed offers for their alumina stocks amid sparse price inquiries from downstream buyers.

However, the slight reduction in alumina offers failed to stimulate sales, and smelters holding sufficient raw material inventories showed little interest in procurement, leading to muted trading activity in the spot alumina market. Mysteel did not hear of any concluded deals during the day.

Meanwhile, the domestic alumina futures market also posted weak performance yesterday. The most-traded January 2026 alumina contract on the Shanghai Futures Exchange dropped by 1.08% to close Tuesday's nighttime trading session at Yuan 2,648/t by 1 a.m. Wednesday, extending the 0.45% decline recorded in the daytime trading.

Written by Iris Pang, pangjunyu@mysteel.com