GS 高华证券－中国铝业：氧化铝价格上涨强势不可持续

02.01 7页 英文

Chalco announced a 50% spot alumina price hike to Rmb3,600/t from Rmb2,400/t effective February 1st. This is the first alumina price hike announced since the most recent hike on April 28, 2006 (+9% to Rmb5,650/t, the highest point in 2006). From then Chalco cut the price four times by a total of 58% to Rmb2,400/t