Chinese Aluminum Smelters Reverse Losses January-August on Rising Aluminum Prices -Shanghai Metals Market

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Chinese Aluminum Smelters Reverse Losses January-August on Rising Aluminum Prices 

Industry News 02:00:23PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – Large aluminum smelters in China reported big profit during the first eight months of this year thanks to rising aluminum prices. 

Their profit totaled 9.1 billion yuan, a big reversal from losses across the industry last year. 

Chen Quanxun, President of China Nonferrous Metals Industry Association, attributed the profit to rally of aluminum prices. As of the end of September, SHFE three-month aluminum traded around 12,000 yuan/tonne, up 20% from early this year.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

Chinese Aluminum Smelters Reverse Losses January-August on Rising Aluminum Prices 

Industry News 02:00:23PM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – Large aluminum smelters in China reported big profit during the first eight months of this year thanks to rising aluminum prices. 

Their profit totaled 9.1 billion yuan, a big reversal from losses across the industry last year. 

Chen Quanxun, President of China Nonferrous Metals Industry Association, attributed the profit to rally of aluminum prices. As of the end of September, SHFE three-month aluminum traded around 12,000 yuan/tonne, up 20% from early this year.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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