27.07.2016 - Asia alumina: Australia price slips $1/mt to $235/mt FOB
The Australian alumina daily assessment slipped $1/mt to $235/mt FOB on Tuesday, as buyers remained scarce amid a generally pessimistic market outlook. "There's no one buying at the moment, as everyone is expecting the market to go down further, probably breaking below $230/mt soon," an Asian consumer source said. "The Chinese are not buying as domestic prices are falling, and the Middle East, India and Malaysia have all bought recently. We don't see the Chinese buying in the next three months at least," he added...............................................Full Article: Source
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