China’s WFA prices rise on soaring freight rates; BFA, bauxite up on stronger yuan
Published: Friday, 13 November 2020
China’s price for white fused alumina (WFA) moved up during the fortnight to Thursday November 12 amid surging container freight rates, while the markets for brown fused alumina (BFA) and refractory-grade bauxite edged higher on the rising value of the Chinese yuan and the threat of environmental controls on operations in major production hubs.
Global demand for refractory raw materials such as bauxite
and fused alumina remained generally slow during the second
wave of the Covid-19 pandemic, but an imbalance in global trade
flows and a stronger Chinese yuan, as well as a new round of
China’s environmental controls for winter, were