Resonance Effect Forces Chinese Non-Chalco enterprises Up Alumina Price to CNY4500 per ton

In the last few days, international alumina price remained buoyant affected by strike threaten from Guinea and Alcoa's decreasing alumina output in Australia. Nalco's latese alumina bid price was 432.32 dollars per ton. But one month ago, Nalco sold alumina at 403.79 dollars per ton. Nalco's alumina price serves as the benchmark price of global alumina. Domestic alumina market is experiencing stock-building before Lunar New Year holiday, increasing output of electrolytic aluminum and the rising of bauxite price and freight costs. The overseas emergency and domestic factors together force domestic Non-Chalco alumina producers to raise alumina price to 4500 yuan per ton, with the trend extends to February. Chalco's alumina price is reported with no change. It is estimated that Chalco is not going to adjust its alumina price currently. And experts still keep the idea that domestic alumina will fall back in the medium terms.