DAILY: Uptrend of Chinese spot alumina stops, futures fall further

Chinese spot alumina prices stopped rising on April 1 after tracking an uptrend for nearly a month, while alumina futures prices on the same day continued to decline amid a bearish market outlook.

Mysteel assessed the national average spot price for metallurgical-grade alumina with a minimum purity of 98.6% at Yuan 2,783/tonne ($404.2/t) including 13% VAT on Wednesday, unchanged from Tuesday. This ended a run of increases over the previous 17 consecutive working days, Mysteel Global noted. Across China's five major production hubs