Supply Deficit to Keep Alumina Prices Firm, SMM Says-Shanghai Metals Market

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Supply Deficit to Keep Alumina Prices Firm, SMM Says

Industry News 10:18:31AM Oct 31, 2016 Source:SMM

SHANGHAI, Oct. 31 (SMM) – Alumina prices in China, though upward momentum is waning after continuous gains, will stay firm thanks to supply deficit, SMM understands. 

SMM estimates nearly 5.5 million tonnes of new and restarted aluminum capacity will enter operations in Q4 2016 and next year. Newly added alumina capacity will be just 6 million tonnes in late 2016 and next year. Hence, alumina supply will remain in deficit.

Chinese Aluminum Smelters Post Big Profit, Despite Rising Costs, SMM Reports
SMM data showed weighted average alumina price in domestic four major markets was 2,533 yuan/tonne in the week ending October 30, up 0.86% on a weekly basis.

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

Supply Deficit to Keep Alumina Prices Firm, SMM Says

Industry News 10:18:31AM Oct 31, 2016 Source:SMM

SHANGHAI, Oct. 31 (SMM) – Alumina prices in China, though upward momentum is waning after continuous gains, will stay firm thanks to supply deficit, SMM understands. 

SMM estimates nearly 5.5 million tonnes of new and restarted aluminum capacity will enter operations in Q4 2016 and next year. Newly added alumina capacity will be just 6 million tonnes in late 2016 and next year. Hence, alumina supply will remain in deficit.

Chinese Aluminum Smelters Post Big Profit, Despite Rising Costs, SMM Reports
SMM data showed weighted average alumina price in domestic four major markets was 2,533 yuan/tonne in the week ending October 30, up 0.86% on a weekly basis.

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