Chinese Aluminum Smelters Hurt By Rising Power Costs, SMM Reports

Published: Jul 12, 2016 10:37

Save

Rising coal prices have passed through to power costs at Chinese aluminum smelters relying on captive power, SMM learned.

SHANGHAI, Jul. 12 (SMM) –Rising coal prices have passed through to power costs at Chinese aluminum smelters relying on captive power, SMM learned.

Coal prices rose about 15% in early July compared with late March. This has pushed up captive power costs at Shandong Weiqiao Group, Shandong Xinfa Group, etc. However, power costs were stable at smelters in Xinjiang, Gansu and some other regions that have captive coal mines.

SMM statistics showed the weighted average cost at domestic aluminum smelters increased to around 11,400 yuan/tonne in early July.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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