Mysteel's daily price assessment showed that the national average price for smelter-grade alumina with a minimum purity of 98.6% dropped to 2,762 Yuan/tonne, down 2 Yuan/tonne compared to the previous day.
The downward price trend can be attributed to the offering prices in two of China's five key alumina production regions. In Shanxi and Shandong, assessed prices for the same grade of alumina both declined by Yuan 5/t from the prior day, to Yuan 2,800/t and Yuan 2,765/t, respectively.
In contrast, prices in Henan, Guangxi and Guizhou stayed steady at Yuan 2,790/tonne, Yuan 2,675/t, and Yuan 2,780/t, respectively.
In the derivatives market, alumina futures on the Shanghai Futures Exchange showed slight volatility. The most-traded alumina contract for September delivery edged up by 0.37% by the end of Wednesday's daytime trading and went up by 0.22% overnight, closing the nighttime session at Yuan 2,715/t as of 1 a.m. Thursday, July 9, 2026.
Recently, reports of a complete production halt at a major alumina refinery in Guangxi due to severe equipment damage from a typhoon-triggered flood have been circulating on the market. However, after on-site verification, Mysteel confirmed that the plant is running stably, with no flooding on site and normal cargo shipment.
On the fundamentals, the alumina futures price at SHFE has been pulling back since mid-June 2026 when Guinea did not roll out bauxite export control policy as the market had previously expected, which, however, triggered an extensive rally since early June. The market focus has shifted to recent production resumptions at alumina refineries, which have keep weighing on alumina spot prices.
Written by Aggie Hu, huchenying@mysteel.com
