Chinese Aluminum Smelters Bothered by Higher Costs, SMM Says-Shanghai Metals Market

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Chinese Aluminum Smelters Bothered by Higher Costs, SMM Says

Industry News 12:02:49PM May 10, 2016 Source:SMM

SHANGHAI, May 10 (SMM) – Aluminum smelters in China were bothered by higher costs in April, SMM survey found.

Average cost at smelters in SMM’s survey sample increased 1.5% month-on-month in April.

Rising alumina and coal prices, as well as power tariff subsidy cuts all contributed to higher costs, SMM explained. 

There is still room for alumina prices to rise for the foreseeable future, so smelters will face even higher costs in May, SMM expects. 

China Aluminum Destocking Slows Down Significantly, SMM Reports

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


Chinese Aluminum Smelters Bothered by Higher Costs, SMM Says

Industry News 12:02:49PM May 10, 2016 Source:SMM

SHANGHAI, May 10 (SMM) – Aluminum smelters in China were bothered by higher costs in April, SMM survey found.

Average cost at smelters in SMM’s survey sample increased 1.5% month-on-month in April.

Rising alumina and coal prices, as well as power tariff subsidy cuts all contributed to higher costs, SMM explained. 

There is still room for alumina prices to rise for the foreseeable future, so smelters will face even higher costs in May, SMM expects. 

China Aluminum Destocking Slows Down Significantly, SMM Reports

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