Australia alumina slips $1/mt; buyers, sellers in standoff

摘要

The Platts Australian alumina daily assessment slipped $1/mt on Friday to $380/ mt FOB, with trade stymied by a wide gap between indicative bid-ask levels. Market participants had mixed views of the market, with certain sources indicating tradable value at $375-$380/mt FOB Australia, while others said they would expect the next trade to fetch at least $380-$385/mt. A producer source thought it may not be long before the market climbs to $400/mt FOB Australia, spurred by worries over low output rates in Brazil. The source reported receiving three to four buying inquiries in the last week.