Dry-Processed Aluminum Fluoride Prices Down RMB 100/mt -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Aluminium
  • Futures movement
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

Dry-Processed Aluminum Fluoride Prices Down RMB 100/mt

SMM Insight 11:07:47AM Feb 10, 2012 Source:SMM

SHANGHAI, Feb. 10 (SMM) -- According to a recent SMM survey, domestic dry-processed aluminum fluoride prices fell by RMB 100/mt following the Chinese New Year holiday, with current mainstream traded prices between RMB 9,400-9,600/mt.

SMM believes there are two reasons behind lower dry-processed aluminum fluoride prices after the holiday. First, production cuts and suspensions at aluminum producers in Henan Province caused local supply of dry-processed aluminum fluoride to be in surplus, and enterprises had to cut sales prices amid growing sales pressures. Second, domestic fluorite prices have fallen continuously since the end of 2011, which also led to falling dry-processed aluminum fluoride prices.

The SMM survey reveals that more than 400,000 mt of aluminum capacity was cut or suspended in Henan since the electricity price hike on December 1, 2011, and aluminum fluoride capacity was in surplus in response. An official from one local large aluminum fluoride producer said it has been closed for ten days during the Chinese New Year holiday, and only operated at about 66% of capacity after the holiday, still facing sales pressures.

On the contrary, dry-processed aluminum fluoride supply in Shandong Province was stable, and local enterprises said they can still operate at full capacity due to robust demand from Shandong’s aluminum producers, but they also said dry-processed aluminum fluoride prices were down by over RMB 100/mt from pre-holidays. 

 

Price

more
#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Dry-Processed Aluminum Fluoride Prices Down RMB 100/mt

SMM Insight 11:07:47AM Feb 10, 2012 Source:SMM

SHANGHAI, Feb. 10 (SMM) -- According to a recent SMM survey, domestic dry-processed aluminum fluoride prices fell by RMB 100/mt following the Chinese New Year holiday, with current mainstream traded prices between RMB 9,400-9,600/mt.

SMM believes there are two reasons behind lower dry-processed aluminum fluoride prices after the holiday. First, production cuts and suspensions at aluminum producers in Henan Province caused local supply of dry-processed aluminum fluoride to be in surplus, and enterprises had to cut sales prices amid growing sales pressures. Second, domestic fluorite prices have fallen continuously since the end of 2011, which also led to falling dry-processed aluminum fluoride prices.

The SMM survey reveals that more than 400,000 mt of aluminum capacity was cut or suspended in Henan since the electricity price hike on December 1, 2011, and aluminum fluoride capacity was in surplus in response. An official from one local large aluminum fluoride producer said it has been closed for ten days during the Chinese New Year holiday, and only operated at about 66% of capacity after the holiday, still facing sales pressures.

On the contrary, dry-processed aluminum fluoride supply in Shandong Province was stable, and local enterprises said they can still operate at full capacity due to robust demand from Shandong’s aluminum producers, but they also said dry-processed aluminum fluoride prices were down by over RMB 100/mt from pre-holidays.