ã€China Aluminum Industry Network】 A number of alumina companies have already purchased the index products from the company, and they have guided the spot price of alumina prices. This is actually an important step in the alumina price pricing system away from electrolytic aluminum prices. This year's alumina long-term price can be signed at 17.5% of the electrolytic aluminum price. Even so, many alumina plants are unwilling to sign excessive long-term ratios. Nowadays it is coincident with the signing season of alumina long singles, but this year's long list is obviously more difficult to sign than in previous years. There are indications that the pricing of alumina is emerging from the impact of electrolytic aluminum prices.
In the long-term single-signing season for alumina, many electrolytic aluminum companies have felt that long singles are difficult to sign this year. Due to the trend of bullish alumina prices in 2012, many alumina manufacturers such as Weiqiao and Xinfa have reduced their long-term supply ratios this year and turned to the spot market. The international alumina business Rio Tinto has more openly stated that it prefers to adopt the alumina price mechanism for short-term benchmark pricing.
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