WEEKLY: Chinese alumina prices rise after CNY holiday

China's alumina prices edged up during February 24-27, the first working week following the Chinese New Year (CNY) holiday over February 15-23, Mysteel’s assessments show. The climb largely reflected a temporary tightening of spot alumina supply, according to industry sources.

After remaining stable since early February, Chinese spot alumina prices finally showed a modest rebound during the sample week. On February 27, Mysteel assessed the national average spot price for metallurgical-grade alumina with a minimum purity of 98.6% at Yuan 2,659/tonne ($387.7/t), up Yuan 13/t from the pre-holiday level. Some