The price of alumina in China recovered slightly in the week to Thursday April 16, snapping a run of five consecutive weekly price falls, after finding support from a rebound in aluminium prices on the Shanghai Futures Exchange. Fastmarkets’ weekly price assessment for alumina metallurgical grade, ddp China was 2,080-2,200 yuan ($294-311) per tonne on Thursday, narrowing upward by 30 yuan per tonne from a multi-year low of 2,050-2,200 yuan per tonne on April 9. Prior to this, the price had declined steadily since March 5 amid subdued demand and a weak performance by aluminium futures prices on the SHFE.
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