Oct. 15, 2024 - Affected by the rapid and substantial increase in the price of industrial alumina, the price of tabular alumina increase by 300 CNY/T.
After the National Day Holiday, the price of industrial alumina rose rapidly. As of October 14, the cumulative increase has reached 240 CNY/T,In October, the main contract of China alumina futures continued to rise, with an overall increase of 245 CNY/T. Affected by this, the benchmark price of tabular alumina raise by 300 CNY/T.
According to tabular alumina manufacturers, the market supply of industrial alumina is very tight, procurement is difficult, and production has been affected. As the price of industrial alumina is rising every day, some companies have suspended quotations, and even for those who provide quotation, the price is only valid for the day.Some producers said, the current inventory of tabular alumina is insufficient, which makes the quotation seem meaningless.
Given that the price of industrial alumina is still in an upward trend, there is still a possibility of price increase for tabular alumina in the short term.
