DAILY: Chinese spot alumina prices tick higher, futures slump

China's alumina prices continued to rise in the spot market on February 26, with increases mainly concentrated in the northern producing regions. In contrast, domestic alumina futures declined sharply.

Mysteel assessed the national average spot price for smelter-grade alumina with a minimum purity of 98.6% at Yuan 2,654/tonne ($387/t) including the 13% VAT on Thursday, up Yuan 5/t from the previous day. This marked the third consecutive daily increase, Mysteel Global noted. The overall rise mainly stemmed from firmer prices in