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|detect metals co.,ltd|
China's Alumina prices will return to heath
In the beginning of Feb.,Australian alumina prices are on the increase. The price was quoted at 346$ per metric ton now, almost 4% prior to the ending of Jan.It is forcasted that the increase of Australian alumina price will great give rise to China’s imported alumina average price, which is possible to return to uptrend.
Been affected by these,it is predicted that China’s alumina price will has shown positive signs of stabilization and recovery .The lowest quotation in some parts of the country such as Shanxi district and Huanan district has dropped to about 2500yuan.Alumina price has returned to adjust continuously recently even in Shandong、Henan districts of high quotation,and the market average price generally fell after rise to 2630yuan/ton by the end of last weekend,almost one hundred yuan inferior to the beginning the year.
As the big bounce of outer disc,the surge of domestic stock market and the overall movement of metal market around, Aluminum price will return to health;Under this drive,alumina price will stop falling,but owning to weak demand before the new year ,it is hard to see any big bounce;The new year will witness a series of rebound in alumina price as the rise of aluminum price.Considering all these elements,it is advisable to stock up appropriately in low price at the last moment of the Spring festival if you have practical need or plentiful of capital,and look forward to the future rebound.
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