Newssummary: Chalco Suspends Aluminum Expansions in Xinjiang on Costly Transportation Costs

Prices of chemical-grade silicon in Xinjiang jumped in August as output plunged year on year while demand strengthened. Prices of 421# silicon rose to 13,000-13,500 yuan/mt (by acceptance, delivery to factory) in late August, with the highest ex-factory price at 12,100 yuan/mt, 500 yuan/mt higher than the average price in Kunming.

The capacity would be transferred from Shanxi Huasheng to Heqing Yixin Aluminium, who has access to cleaner hydropower

Chalco reported 91.3 billion yuan in revenues in H1 2017, up 83% year-on-year.

Rumor has it Shandong will slash aluminum output by over 2 million tonnes, SMM understands.

The government of Changji Prefecture, Xinjiang, decided to prohibit construction of aluminum capacity at three local companies, with combined annual capacity at 2 million tonnes, China Securities rep

May Aluminum Contract on the SHFE only fell 0.8% on Friday despite the nosedive of ferrous and other nonferrous metals.

The United States launched dozens of cruise missiles Thursday night at a Syrian airfield. Risk aversion assets thus received a boost. As of 10:15 am April 7, June gold contract on the Shanghai Futures

Chalco plans to invest 2 billion yuan in rare earth project in Baotou.

The  at Baltic Exchange for ships carrying dry bulk commodities fell to 702 points on Friday mainly due to higher cape, panamax and supramax indices.

Attention should be on US’s and European economic data on Thursday。