Alumina Price Drop to Slow Down, SMM Expects -Shanghai Metals Market

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Alumina Price Drop to Slow Down, SMM Expects 

Industry News 03:35:21PM Apr 17, 2017 Source:SMM

SHANGHAI, Apr. 17 (SMM) – Alumina prices in Chinese market will slow down the pace of declines since current low prices will attract buying further, SMM foresees.

Profit margins at domestic aluminum producers increased rapidly due to lower alumina prices and rising aluminum prices. Aluminum producers are expected to increase alumina purchases further as market prices have dropped to their psychological procurement price range. This will help narrow price declines.

SMM sees big chance for alumina price in Guangxi to fall below 2,400 yuan/tonne, and prices in other regions to test 2,400 yuan/tonne this week.

Profit Surges at Chinese Aluminum Smelters, SMM Says   

As of April 14, SMM data showed the weighted average traded price in domestic four major alumina markets was 2,464 yuan/tonne.

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

Key Words:  Alumina prices 

Alumina Price Drop to Slow Down, SMM Expects 

Industry News 03:35:21PM Apr 17, 2017 Source:SMM

SHANGHAI, Apr. 17 (SMM) – Alumina prices in Chinese market will slow down the pace of declines since current low prices will attract buying further, SMM foresees.

Profit margins at domestic aluminum producers increased rapidly due to lower alumina prices and rising aluminum prices. Aluminum producers are expected to increase alumina purchases further as market prices have dropped to their psychological procurement price range. This will help narrow price declines.

SMM sees big chance for alumina price in Guangxi to fall below 2,400 yuan/tonne, and prices in other regions to test 2,400 yuan/tonne this week.

Profit Surges at Chinese Aluminum Smelters, SMM Says   

As of April 14, SMM data showed the weighted average traded price in domestic four major alumina markets was 2,464 yuan/tonne.

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

Key Words:  Alumina prices