16.09.2014 - China alumina price rises to Yuan 2,700/mt despite lower metal prices
The Platts ex-works Henan alumina assessment rose Yuan 60 from Friday to Yuan 2,700/mt ($439/mt) on Monday for 70:30 cash and credit payment terms on limited spot availability and in anticipation of seasonal restocking in the fourth quarter despite lower domestic metal prices, sources said. The current price was also up Yuan 100/mt from a week earlier, and up Yuan 230/mt month on month. Offers in Henan were heard between Yuan 2,700-2,730/mt cash to partial credit terms, with buyers' ideas pegged at Yuan 2,650-2,680/mt cash...............................................Full Article: Source
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