Global Alumina Price is Confront with a Big Fall

At preset, alumina price is better than expected. It is reported that India Aluminum Corporation sold 300 thousands alumina at a price 12.88 higher that LME. At the same time last year, CHALCO was faced a fall of alumina price, it is 2,400 ¥/ton in November last year, and the alumina spot price of India Aluminum Corporation dropped to 238 $/ton in December. Early this year, the strike in Guinea seriously affected its bauxite export, and ALCOA declared a reduction of its output at the same time. Then, alumina price begin to fall. According to related report, 3million alumina is expected to put into production in fourth quarter, which will be result in a drop of the price of alumina.