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...

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