DAILY: China's spot alumina prices mostly bottom out, trading active

Chinese spot alumina prices generally remained steady on April 14, while futures prices dropped. Trading was active in the spot market on Monday, as reduced alumina production spurred procurement activity among buyers, Mysteel Global learned.

On Monday, the average prices of alumina with a more than 98.6% purity in four of China's five major alumina production bases, namely Shanxi, Henan and Guizhou provinces and the Guangxi autonomous region, were unchanged from the prior working day at Yuan 2,870-2,995/tonne (388.4-409.6/t), according to Mysteel's daily price