China Spot Alumina Prices Rose 9.5 % ACH May Raise Prices

Shanghai December 13 news, traders Thursday that China Spot aluminum prices in less than three weeks rose 9.5 percent to per tonne 4,200 yuan, and is expected to rise further due to strong demand.

November 27, Aluminum Corp. of China Ltd. (ACH) from its alumina selling price per ton 3,500 yuan up to a ton 3,800 yuan, before other smelters increase their alumina prices.

Aluminum Corp. of China Ltd. (ACH) is China's largest alumina and aluminum production manufacturers.

ACH alumina production accounts for about half of the country's total output. A refinery in central China's management staff, other smelters spot alumina price per ton 4,200 yuan, 11 at the end of a ton 3,800 yuan.

He said Alumina overall inventory level is very low. Traders said late last month with other smelters ACH increase alumina prices.

Antaike Information Development Company Limited, a alumina, analysts said ACH may once again increase the prices follow other smelters. Alumina is made from bauxite, is used in the production of aluminum.

Analysts said that despite increased domestic production, raise the cost of production, including bauxite and electricity price up to early February for the Spring Festival are expected to support alumina prices because domestic demand is robust.

The National Bureau of Statistics said 1-October China's aluminum production year, an increase of 50 percent to 16.12 million tons.

Source: 中国矿业网 Dec. 14, 2007