| The Platts Australian alumina daily assessment fell 50 cents/mt Monday from last Friday to be assessed at $258.50/mt FOB, netting a $2.50/mt decline in the last week. India's Nalco awarded a sell tender at $258.50-$258.75/mt FOB Visakhapatnam to Vitol for a 30,000 mt alumina parcel scheduled to load between June 3 and 7, sources close to the trade said. The deadline for bids was May 18 with bids required to be valid until May 20.
In the last two days, consumer and trader sources said they would value at close to parity the price of Indian alumina from Nalco and Australian material. The alumina market has been under pressure from increased Chinese alumina output and a steep plunge in LME aluminum prices in the last three weeks...............................................Full Article: Source
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