Development Status of Alumina Market in September

Since the beginning of this year, domestic alumina has stepped into the depth adjustment period, and is going through unexpected turns. After four months of recovery period, alumina prices fell quickly into a grind-it-out phase again.

But now, alumina prices show prehistorical powers, and create new high. As of the end of September, the prevailing prices of domestic market reach 1980-2190 / ton, and the highest quotation has been more than 2300/ton in the market.

At the end of September, China’s alumina import has decreased about 190000 tons - 380000 tons of inventory, dropping 33% dramatically. On the one hand, domestic alumina prices are higher than import price of alumina,; On the other hand, oversea alumina is limited the supply, which makes China's alumina imports continue to remain low.

It is expected that alumina imports are hard to recover and will continue to remain low this year.