Stronger RMB supports brown fused alumina prices
By Yoke Wong
Published: Friday, 08 September 2017
Rising renminbi value against the US dollar has eroded Chinese brown fused alumina (BFA) producers’ profit margins, and many are raising their offers in early September as a counter-measure. This has lifted BFA spot prices in China while anti-pollution checks continued to cap output.
Appreciating Chinese renminbi (Rmb) against the US dollar
have further supported the brown fused alumina spot prices in
early September amid unrelenting output disruptions and supply
uncertainty over the past month.
The Chinese currency’s value has been rising
against the US dollar since early August; the US dollar/Rmb
exchange rate...