Alumina market is showing signs of upward swing. The recent tenders of Nalco have shown rising prices and the price now has risen to 158.35 dollars per ton. The previous 2 tenders fetched around 156 dollars and 157 dollars per ton on FOB basis. Much of the material is said to be destined to China. However, the latest tender for alumina has reportedly gone at around 155 dollars per ton FOB, which shows a slight fall in price. Nalco is likely to sell over one million tons of alumina in the world market in 2002-03. It is now holding one auction every 15 days and sells around 25,000 tons during each auction. For long-term contracts it has already chosen it's parties and these are likely to finalized some time later. Nalco is one of the lowest cost producers of alumina in the world. To Nalco's 1 mt alumina one has to add another 250,000 to 300,000 tons of Indal and India is a considerably a large exporter of alumina in the world.
NSTL
