TK Chand, CMD, Nalco - 10/04/2018
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Alumina tender prices moved from 390 to 473 i.e. 21%
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Around 3M tonne (1.5 lac tonne p.m.) alumina will not be avl as partial shutdown of brazilian refinery
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Every month 1.5 lac tonne shortage will be there is alumina
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Mkt price of alumina will certainly remain at curr prices of 350-360$ levels; expect it to move to 450-490$
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Last qtr 13 shipments were made; will likely do 1.3 million tonne exports this year; 9-12 shipments made in this qtr
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Refineries working at 100% capacity
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Caustic soda is main input cost - prices gone up by 5% in last 2-3 months - it will sustain at this price - 40-40k/tonne - may be peaked at this level
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If this kind of prices sustains, will certainly be ebit positive
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