Profit Expands at Chinese Aluminum Smelters, SMM Says

SHANGHAI, Apr. 26 (SMM) – Rising aluminum prices and falling alumina costs helped increase profit margins at aluminum smelters in China, SMM learned.

The average profit at domestic aluminum producers rose above 1,300 yuan/tonne in the wek ending April 21, according to SMM data. 

Will China Aluminum Stocks Fall Further or Return To Growth? SMM Reports

The SMM average spot aluminum price was up 394 yuan/tonne on a weekly basis to 14,120 yuan/tonne in the same period. Moreover, the Bohai-Rim Steam-Coal Price Index slipped for four weeks in a row to 599 yuan/tonne, benefitting smelters with captive power plants.  

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