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. 

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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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