DAILY: Chinese alumina prices stabilize, futures strengthen

China's spot alumina prices held steady on April 22, with the national average price for smelter-grade alumina with a minimum purity of 98.6% standing at Yuan 2,696/tonne ($395/t), unchanged for the second consecutive day, according to Mysteel’s assessment.

Regionally, across China's five major alumina-producing regions - Shandong, Henan, Shanxi, Guizhou, and Guangxi - assessed prices for the same grade of alumina all remained stable on Wednesday, ranging between Yuan 2,650/t and Yuan 2,790/t. In contrast, domestic alumina futures gained ground yesterday. The most-traded September contract on the Shanghai Futures Exchange edged