LOWER PRICES EXPECTED. Bearish Alumina Price Signals Emerge from Fundamentals

 

Summary

  1. Alumina spot prices have recently rallied in both China and Australia. Since mid-December, China’s alumina spot prices have rallied by…

  2. Prices rallied on concerns about potential disruptions to bauxite shipments from Guinea and an announced alumina production cutback in…

  3. A correction in China’s domestic alumina future prices is already unfolding, as improved profitability has triggered seasonal alumina production…

  4. HARBOR expects Australia alumina prices to…

  5. HARBOR expects Australia alumina fob spot prices to retreat to the low end of their twenty-month-old price range of $… and potentially break below it at some point in 2024 amid a growing world alumina market surplus.

 

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