DAILY: Chinese spot alumina prices remain steady after holiday

Chinese alumina prices for spot sales on January 5 generally stayed flat from levels seen ahead of the New Year's Day holiday over January 1-3, while those for futures contracts showed volatility.

Mysteel's daily price assessment showed that the national average spot price for smelter-grade alumina with a purity above 98.6% remained stable for the fourth consecutive working day at Yuan 2,698/tonne ($386/t) including the 13% VAT on Monday. The price stability reflected largely stable spot alumina pricing across China's five key