SHANGHAI, Jul. 16 (SMM) – Henan Shenhuo Group expected to post a loss of 340-370 million yuan ($55.07-59.93 million) during the first half of 2014 due mainly to sharp declines both in coal and aluminum prices and rising costs, it said in its half-year financial report. 

Aluminum business in Xinjiang proven profitable, but so far it was not big enough to offset the loss in other business, the company said.