Chalco likely to raise alumina price in the future

Affected by international supply decreasing and domestic robust demand, domestic non-Chalco enterprises raised alumina price to 4500 yuan per ton. Market analysts believed Chalco is likely to raise alumina price from current 4200 yuan per ton. Robust demand drives alumina price up International alumina price keeps buoyant due to strike threatens from Guinea and declining of alumina output of Alcoa. Nalco’s latest tender price rose to 432.32 dollars per ton from 403.79 dollars per ton a month ago. Nalco’s alumina price serves as the benchmark of international alumina price. After that, domestic Non-Chalco alumina price rose to 4500 yuan per ton, too. Some analyst believed non-Chalco enterprises raise alumina price to keep in line with market value. The rising costs of imported alumina drives alumina price up directly. CIF Lianyungang port alumina import price has risen to 4450-4550 yuan per ton on Jan 14. Domestic alumina price is imperative to rise up in the near future. Chalco likely to raise alumina price Jiang Ning, analyst of SMM said, “ Since Q4 in 2007, Chalco had adjusted alumina price for twice, of which both were one or two weeks later than Non-Chalco, so does this time.” So it is just a matter of time.