WEEKLY: China's spot alumina slips further under rising inventories

China's alumina market remained under pressure during the January 9-15 week, as inventories continued to accumulate despite largely stable production and demand, weighing further on spot alumina prices.

According to Mysteel's latest survey, total alumina stocks across the country's 10 major ports, 44 alumina producers, 89 primary aluminum smelters, and rail yards or in transit increased by 1.4% on week to 5.4 million tonnes as of January 15. This was also 43.9% higher than the year-prior level and marked a