China’s alumina import arbitrage window opens; domestic market under pressure

China’s import arbitrage window for alumina opened in the week to Friday November 24, prompting traders to begin importing more material into the country, sources told Fastmarkets.

“The yuan has appreciated a lot in recent days, making overseas materials affordable in the domestic market,” a trader said.

One yuan traded at $0.13984 on Friday, compared with $0.13633...

Published

Ruby Liu

November 24, 2023

09:09 GMT

Shanghai