BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Metals

China Shanxi alumina falls to Yuan 3,250/mt on weak aluminum

Grains | Thermal Coal | LNG | Oil

Market Movers Asia, Sep 24-28: OPEC decision, geopolitical climate, trade war in focus at APPEC 2018

Metals | Non-Ferrous | Steel

Platts Market Data - Metals

Commodities | Metals | Non-Ferrous | Shipping | Autos & Capital Goods | Materials | Building & Construction | Transportation | Aerospace & Defense | Financial Services

Aluminum Symposium

Metals

Japanese aluminum consumers eye more scrap usage as prices fall

China Shanxi alumina falls to Yuan 3,250/mt on weak aluminum

Singapore — Chinese spot alumina prices fell further Wednesday as domestic metal prices continued to weaken.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The Platts ex-works Shanxi daily spot alumina assessment dropped Yuan 50/mt ($7.60) to Yuan 3,250/mt in cash, compared with Yuan 3,300/mt Tuesday.

The current price also reflected a decline of Yuan 150/mt on the week and Yuan 500/mt from last month.

The front-month primary aluminum contract on the Shanghai Futures Exchange closed at Yuan 14,170/mt on Wednesday, down from Yuan 14,510/mt last week and Yuan 15,975/mt a month ago.



"There's talk that spot metal has already fallen below Yuan 14,000/mt in some places now, so overall sentiment is very weak, and buyers are all staying away, or asking for close to Yuan 3,000/mt now," a Henan refiner said.

"We expect metal prices to break below Yuan 14,000/mt, and alumina can go below Yuan 3,000/mt. So we're not buying spot alumina yet. We'll wait," a Sichuan smelter said.

On Wednesday, the Changjiang spot aluminum price was Yuan 14,050/mt.

Five refiner, trader and smelter sources put current tradeable spot alumina prices at Yuan 3,200-3,300/mt ex-works Shanxi/Henan on Wednesday. Lower levels of Yuan 3,100-3,200/mt cash were indicated for ex-works Guangxi/Guizhou basis.

"Sentiment is very weak -- ingot is expected to fall further, especially with domestic metal stocks very high now, around 1.75 mil mt and expected to rise further. So alumina will also test lower," a Shanxi refiner said.

Short term expectation is that spot alumina prices will soften until second half December, when more spot demand may emerge as smelter reserves deplete and as winter restocking picks up, sources said.

--Yuencheng Mok, yuencheng.mok@spglobal.com
--Edited by Jeremy Lovell, jeremy.lovell@spglobal.com