Shanghai Nonferrous Metals News
Recently, domestic alumina demand has been on the rise in the wake of improved operational primary aluminium capacity. Nevertheless, there has been some turbulence in domestic alumina demand represented by a Shandong alumina refinery suspending 1 mtpy capacity on environmental upgrades. The schedule for new alumina capacity startups and additional output has been delayed further. Consequently, SMM analysts have toned down their forecast for May and June 2019, suggesting a glut of domestic alumina supply at 150 kt per month, seeing excessive alumina supply dropping significantly to 572 kt during Q2 2019, a decline of 45% from Q1 2019.
