[Al Supply]Will 15% Freight Rate Cut Trigger Massive Aluminum Outflow from Xinjiang?

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.

China’s NDRC and NEA issued Notice on Carrying out Special Checks on Standard Construction and Operations of Coal-Fired Captive Power Plants.

Coal-fired captive power plants at aluminum smelters in China’s six major aluminum producing provinces will come under on-site scrutiny before the end of June. 

Profit at aluminum smelters in China has been shrinking steadily of late, mainly as a result of falling aluminum prices.

Profit at Chinese aluminum smelters shrank sharply due to falling aluminum prices and rising alumina prices, SMM learned.

Despite rising aluminum prices, profit at aluminum smelters in China shrank as a result of sharply rising alumina prices.

Rising aluminum prices helped expand profit at aluminum smelters in China, SMM learned.

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

With aluminum prices bouncing back, Chinese aluminum smelters reported decent profits in 2016.

Steadily rising alumina and coal prices have significantly added to costs at aluminum smelters in China, SMM learned.