Profit Expands at Chinese Aluminum Smelters, SMM Reports

Apr 19, 2016 11:18

Chinese aluminum smelters have posted better profit thanks to continuous aluminum price rise, SMM learned.

SHANGHAI, Apr. 19 (SMM) – Chinese aluminum smelters have posted better profit thanks to continuous aluminum price rise, SMM learned.

Profit at those covered in SMM’s survey sample to 900-1,000 yuan per tonne in the week ending April 15. Raw material costs changed little.

Smelters in southwest China told SMM that local governments might not offer additional power tariff subsidies now that rising aluminum prices have improved smelters’ profitability. As such, local smelters have no intention of increasing production for now.

As of April 18, spot aluminum in Shanghai market traded at 11,940-11,950 yuan per tonne.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China aluminum cost

aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Profit Expands at Chinese Aluminum Smelters, SMM Reports

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON