Alumina prices surge, tightening feedstock outlook – 14 October 2025
The SHFE alumina contract hit a new high, reaching 4,818 yuan/ton during trading and closing at 4,815 yuan/ton, adding pressure to aluminium producers.
👉 Source: Metal.com / SMM
Summary:
Since the start of 2024, the global alumina market has faced constant supply disruptions, leading to a steady price increase. On October 14, the Shanghai Futures Exchange’s (SHFE) main alumina contract hit an all-time high, with prices reaching 4,818 yuan/ton during the day and closing at 4,815 yuan/ton. In the night session, it climbed even further to 4,838 yuan/ton. Compared to September 11, this represents a price increase of 937 yuan/ton, or 24.1%.
As SMM surveyed, domestic alumina spot prices have also been climbing since early September. On October 15, these prices reached 4,398 yuan/ton, marking a 12% increase from September 2.
Similarly, the latest research from SMM shows that FOB alumina prices from East Australia surged to $652/ton on October 11, up 21% from the previous month. West Australian alumina prices followed this trend, hitting $679.10/ton on October 15.
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