Aluminium Smelters’ Costs Were Temporarily Stable, But Will Drop In Short Term

SHANGHAI, Apr 17 (SMM) - In terms of input costs, alumina prices dipped 10-20 yuan/mt last week. Despite the recent decline in coal prices, smelters’ power costs were largely stable as settle power grid tariffs on a monthly basis. The real-time full costs of smelters were flat week-on-week at 16,931 yuan/mt as of last Friday, while SMM A00 aluminium prices rebounded to 18,710 yuan/mt, leaving their profits at 1,779 yuan/mt, expanding 45 yuan/mt from a week earlier.

In the short term, aluminium costs are likely to drop slowly.