Mysteel's daily price assessment showed that the national average price for smelter-grade alumina with a minimum purity of 98.6% stood at 2,762 Yuan/tonne, flat compared to the previous business day.
The stable price trend can be attributed to the offering prices in China's five key alumina production regions, where the prices all stood flat from the prior day at Yuan 2,765/tonne in Shandong, Yuan 2,790/tonne in Henan, Yuan 2,800/tonne in Shanxi, Yuan 2,675/tonne in Guangxi, and Yuan 2,780/tonne in Guizhou, based on Mysteel's assessment.
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 0.07% by the end of Friday's daytime trading and went down by 0.40% overnight, closing the nighttime session at Yuan 2,706/t as of 1 a.m. Monday, July 13, 2026.
Alumina futures price has come under pressure recently, prompting some traders to soften their offers and pulling transaction prices lower. As new and restarted capacity in southern China continues to ramp up, south-to-north shipments are on the rise. With futures prices declining, the traders have grown more willing to sell on the spot market, and some low-priced warehouse receipts have been gradually digested, which in turn provided certain support to futures price.
On the fundamentals, no significant production fluctuations have been seen on the supply side recently, while overall market liquidity has remained relatively tight. The traders' offers have stayed firm, while spot transactions have been lackluster. Meanwhile, as new and restarted capacity gradually adds to supply, downstream acceptance of higher offers has softened.
Elsewhere, Emirates Global Aluminium (EGA) has announced the restart of production at its Al Taweelah alumina refinery in Abu Dhabi, following the facility's suspension on March 28, 2026, after an attack. Production is expected to ramp up to 50% of plant capacity within days.
Written by Aggie Hu, huchenying@mysteel.com
