China's spot alumina prices tick up on strong restocking demand, SHFE prices down amid rising concerns

As of Dec 6, Mysteel daily assessments for Shanxi spot alumina were Yuan 5,820-5,850/t, EXW and including VAT, rising Yuan45/t from a week ago, and assessments for Guangxi spot alumina rose by Yuan70/t to Yuan 5,700-5,800/t. SHFE most-traded contract closed at Yuan5,280/t, up Yuan57/t on week.

China's spot alumina prices continued to tick up last week amid strong restocking demand. However, the price gain witnessed a slowdown in the past two weeks driven by aluminum production cuts. The changes on the demand side raised market concerns and weighed on sentiment. China's primary aluminum operating capacity began