FOCUS: Covid-19 exacerbates BFA, WFA price spread

摘要

Brown fused alumina (BFA) and white fused alumina (WFA) prices are increasingly moving separately in their pricing patterns, with the latter having deepened its price discount to BFA against a historic premium. In addition to the existing factors of supply dynamics and feedstock differences, the Covid-19 pandemic has exacerbated the decoupling of BFA and WFA markets, with industry sources holding the view that the current discount of WFA might continue at least in the short term.