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Growing Supply to Limit Alumina Price Gains, SMM Expects
May 11, 2016 09:13Source:SMM
While the latest round of alumina price rise in China is nowhere near end, future upside room will be curbed by growing supply from production recovery, SMM predicts.
SHANGHAI, May 11 (SMM) – While the latest round of alumina price rise in China is nowhere near end, future upside room will be curbed by growing supply from production recovery, SMM predicts.
Alumina capacity restarts are still on the rise, while aluminum capacity restarts cannot keep up pace. This means alumina supply will turn into surplus in the medium term, SMM foresees.
SMM learns that Shandong Lubei Chemical Co. brought 250,000-tpy metallurgical-grade alumina capacity back online in May. Luoyang Xiangjiang Wanji Aluminum Co. plans to restart 600,000-tpy alumina capacity in late May.
It is said Shandong Weiqiao Group has restarted 1 million-tpy alumina capacity to match its new aluminum capacity.
Shandong Weiqiao Gets Approval for Large Alumina Project in Indonesia
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