The alumina market closed the week at n$318/mt FOB Australia, firming $1.50mt from Thursday, and returning the Platts nprice benchmark to where it was a week nand month ago. A 30,000 mt lot changed nhands Friday at $318/mt FOB Australia nLC at sight for shipment in May, producer nto consumer. The buyer was known to nhave tested the market at $315-316/mt nbefore closing the deal. The sentiment nwas initially soft during the first half of the nweek, but certain potential moving parts neventually gave the Australian market nsome support. China’s domestic alumina nprice shot up Yuan 50/mt or $8/mt this nweek to Yuan 2,690/mt ex-works Henan, nsparked by costlier bauxite. Anticipation nof an imminent new tax on Indonesian nbauxite exports boosted the ore’s price, nand Chinese alumina refiners have been npassing on the hikes to their customers.
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