DAILY: Chinese alumina prices extend downward trend

China's alumina prices extended their downward trend in both the physical and derivatives markets on January 20, with three of the country's five key alumina-producing regions recording declines in spot prices.

According to Mysteel's daily price assessment, the national average spot price for metallurgical-grade alumina with a purity exceeding 98.6% slid by another Yuan 3/tonne ($0.4/t) from Monday to sit low at Yuan 2,658/t including the 13% VAT on Tuesday. By region, assessed prices in Shandong, Henan, and Shanxi provinces all