Market Insights
As of April 30, SHFE most-traded contract closed at Yuan 20,575/t, up Yuan 865/t from a month ago. Mysteel daily assessment for spot aluminum increased by Yuan 1,067/t to Yuan 20,528/t.
China's spot alumina prices lost the upward momentum in Feb and declined in March amid rising supply. However, we saw a visible rebound in alumina prices of late. What drives the change in price direction?
The US president Joe Biden called on his administration to consider tripling the existing 7.5% tariff rates on Chinese steel and aluminum products during a campaign event at the United Steelworkers headquarters in Pittsburgh, Pennsylvania on April 17.
Production of primary aluminum worldwide scored 5.54 million tonnes in February, rising by 3.94% from the same period last year, according to new data released by the International Aluminium Institute (IAI). The global primary aluminum output averaged 191,200 tonnes per day last month, also higher b
Mysteel Survey
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Survey: Alumina inventory at Chinese ports 2024.4.18
Survey: China alumina cost 2024-03
Survey: China aluminum cost 2024-03