In the Shanxi region, the alumina spot market has seen a significant increase in “one-price” transactions, which has driven local alumina prices higher. In the short term, the limited availability of spot alumina and transactions are the main drivers for price discovery. Currently, the spot transaction benchmarks in the Shanxi and Henan regions are generally between 3950-3970 RMB per ton, with quotes trending between 3970-3990 RMB per ton.
