Nalco Alumina Tender Price Growing, but still low than Spot Price

News from Bombay, Nov. 15” alumina trader said in Thursday that Nalco sold 240,000 ton alumina through Bid inviting, though alumina tender price go up, it is still low than aluminum spot price. According to the report, the alumina price is 13.3% higher than 3M LME aluminum price, delivery in one year, now 3M LME price is 2,613 dollars now. The alumina quote is 360 dollars now, equal to 13.77% of 3M LME price. An alumina trader said this price is surprising. Market supplying is tension now, but obviously, the seller gets more in this deal.