SHANGHAI, Apr 24 (SMM) - Falling alumina prices reduced smelters’ real-time full costs by 43 yuan/mt to 16,888 yuan/mt as of last Friday April 21, while SMM A00 aluminium prices climbed 340 yuan/mt to 19,030 yuan/mt. This allowed smelters’ profits to expand 363 yuan/mt from a week ago to 2,142 yuan/mt.
In the short term, SMM expects that aluminium costs are likely to drop slowly, citing bearish outlook for raw material prices.
