Chalco Cuts Alumina Spot Price By 5% To CNY2,850/Ton

SMM is informed that the COVID-19 pandemic prevention and control team in Baise issued the Notice on Orderly Removing Community Control on February 14th, 2022.

Most aluminium plants, especially those using in-house generated power, suffered losses from late October to November due to the surging electricity costs and high prices of raw and auxiliary materials. The shortage of thermal coal caused the costs of thermal power to soar, and the aluminium prices stood low in November, which further aggravated the losses.

Domestic alumina prices have repeatedly hit this year’s new highs recently amid brisk trades, with no signs of retreat in the foreseeable future. As of September 9, the SMM weighted average alumina price index stood at 3,189 yuan/mt. The average prices in north and south China were 3,225 yuan/mt and 3,000 yuan/mt respectively.

While China’s domestic alumina prices have fallen 70 yuan/mt since the start of May, SMM sees limited declines in the short term as low stocks will continue to allow sellers to hold offers firm

The volume of China’s alumina exports is set to decline but the downward room is limited as profits remain, SMM believes.

China’s alumina imports are likely to decrease after March volumes hit a 16-year low

This is a roundup of China’s base metals output in March. SMM surveyed major producers in the market to get first-hand information for calculation.

China's aluminium import and export in January 2018.

CHALCO’s alumina capacity will decrease by over 2 million tons this winter and cut its output by 0.6 – 0.7 million tons.

Central China Copper Co. made great technical improvement so as to increase product quality and output, it said on its website.