A major aluminium smelter has offered material to Japanese traders and end users at a premium of $91 per tonne cif main Japanese ports (MJP) for the first quarter of 2019, down 11.7% from the previous quarter, sources told Fastmarkets MB on Thursday.
The time frame remains uncertain for a return to 100% capacity operations at the Alunorte alumina refinery in Brazil, owner Norsk Hydro said at its Capital Markets Day in London on Thursday.
Aluminium prices should trade downward going forward once China’s demand expectations sour, Novelis’ South American chief operating officer Francisco Pires told Fastmarkets MB on Tuesday.
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