Insight
Competing for alumina cargoes: research notes from China
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Alumina prices have skyrocketed since the start of the year. Spot prices vaulted higher, supported by strong demand, supply disruptions, and feedstock bottlenecks this year. The SHFE alumina cash price hit the highest record since the launch of alumina futures amid the tight supply. The soaring price of alumina was a dominant theme at the Antaike conference in Kunming, China. In this insight, we provide an update on the state of the alumina market.
Table of contents
- The alumina price has doubled since the start of the year.
- When will the supply crunch ease?
- Will smelters curtail production?
- Conclusion
Tables and charts
This report includes the following images and tables:
- Ex-China alumina supply loss (kt)
- China’s new capacity and restarts in 2024 & 2025, ktpa
- Weekly alumina stock in China
- The timeframe of new refinery projects in China, ktpa
What's included
This report contains:
