Will 1.8 Million-tpy Alumina Capacity Closure in Shanxi Lift Prices?

Apr 30, 2015 16:39

Source:SMM

Xingan Chemical Alumina Plant shut down 3 production lines on April 25 due to an accident, hitting annual capacity by 1.8 million tonnes, Shanghai Metals Market has learned.

SHANGHAI, Apr. 30 (SMM) – Xingan Chemical Alumina Plant shut down 1.8 million-tpy alumina capacity on April 25 due to an accident, Shanghai Metals Market has learned.

It will take about 2 months for production to return to normal.

Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after the news.

However, this closure is unlikely to push up local prices, Liu Xiaolei, SMM aluminum analyst said,, citing high alumina inventories in Shanxi and weak demand from aluminum smelters.

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Will 1.8 Million-tpy Alumina Capacity Closure in Shanxi Lift Prices?

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