The price of storage alumina declined somewhat after reaching a high point

        Britain ¡®Metal Herald¡± reported that the price of storage alumina declined somewhat after reaching a high point. Currently, the price in the US market is 330-360 dollars per ton, with few transactions. It is said that the stock price is 355 US dollars per ton, which is purchased from Australia by GLENCORE company.

The bid result of NALCO at the end of April was not expected by many people. Dealers and manufacturers said that the result was not representative. Insiders didn¡¯t pay attention to the two day long strike, happened in Nalco smelting plant with annual output of 1,580,000tons. Many analyzers and aluminum manufacturers including Alcan estimated that the average price of alumina would be about 259 dollars per ton, and still have the space to fall. The supply is not so tense, and Chinese buyers are not purchasing, because domestic production grows rapidly.

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