WFA prices increase again in February

Feb. 18, 2022 - Following the increase of 200 yuan/ton at early February, the market price of white fused alumina rise again by 100 yuan/ton recently, and the cumulative increase this month is 300 yuan/ton.

Such price rise is still affected by the continuous price increase of industrial alumina. Since the beginning of January, the spot price of industrial alumina has risen by more than 480 yuan/ton, which is a huge increase in production costs for WFA manufacturers. Moreover, manufacturers are facing the pressure of environmental control and difficulty in raw material procurement, forcing them to raise prices.

At present, affected by environmental control, the production of enterprises in northern China is still limited. Zibo, Jinan, and Chiping in Shandong have even further strengthened the environmental control. With the slow recovery of downstream demand, the rise in the market price of WFA is also in line with industry expectations.