China: Kilns overhaul in Shanxi province is still undergoing. Brown Fused Alumina and White Fused Alumina price have increased as the RMB depreciation ease.
The slack season heads to the end, yet the BFA product inventory stayed very low due to tight bauxite supply. The price of Brown Fused Alumina may come close to White Fused Alumina price once again.
The price of phenol resin has not reflected the coordination of supply and demand yet, the price is not at its peak.
Non-metallurgical Alumina tends to rise while domestic bauxite supply facing a shortage, overseas ore only filled up a partial vacancy, and imports are not comparable to the domestic capability.
Authorities in China’s magnesia production hub of Dashiqiao have shut down 87 local companies that did not meet new environmental standards. But despite this, China’s magnesia export prices stood still on thin buying.
Alteo: calcined alumina contract price for the 4th quarter of 2018 and the next year will subject to a 2 digits increase.