Profit Expands at Chinese Aluminum Smelters, SMM Says

Published: May 23, 2017 10:17

Save

Rising aluminum prices helped expand profit at aluminum smelters in China, SMM learned.

SHANGHAI, May 23 (SMM) – Rising aluminum prices helped expand profit at aluminum smelters in China, SMM learned.

Smelters surveyed by SMM posted profit of 1,100-1,200 yuan/tonne in the week ending May 21.

Aluminum Stocks in China Major Markets Fall for Two Weeks in A Row, SMM Reports

Average spot aluminum price gained 164 yuan/tonne on a weekly basis to 13,856 yuan/tonne last week.

Alumina prices, though up, were still at low levels. Prebaked anode prices strengthened. Coal prices rose, but this has not passed through to power costs at smelters. Overall, aluminum costs remained low, SMM noted.

Alumina Prices Bottom Out After Persistent Declines, SMM Reports

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

aluminum prices aluminum cost

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 mins ago

Overseas Aluminum Supply Disruptions Continued, and Cast Aluminum Alloy Futures Surged Sharply Overnight [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Overseas Aluminum Supply Disruptions Persist; Aluminum Alloy Futures Surged Sharply Overnight] On Wednesday, ADC12 prices continued to rise, with mainstream quotations raised by 100–300 yuan/mt, driven by the rapid rise in raw material costs. Market quoting sentiment was slightly divided: some enterprises, supported by costs, actively followed the rally, with increases of 200–300 yuan/mt; others believed this round of gains was more macro-driven, with insufficient fundamental support, and that prices face pullback risks, cautiously following up by 100 yuan/mt while staying on the sidelines.

21 mins ago

27 mins ago

EBRD Loans €13.7M to Alumil Misr for New Aluminum Extrusion Line in Cairo Plant

[SMM Aluminum Express News] The EBRD is providing a loan of up to €13.7 million to Alumil Misr (Egyptian subsidiary of ALUMIL) to build a new aluminium extrusion line at its Polaris Industrial Zone plant in Cairo. The line will significantly increase production capacity, support vertical integration, and strengthen supply of advanced aluminium systems for construction and industrial sectors in Egypt and the region.

27 mins ago

30 mins ago

Bahrain Aluminum Hit by Force Majeure; LME Aluminum Prices Reach a New High in 22 Years [SMM Aluminum Morning Meeting Minutes]

[SMM Aluminum Morning Meeting Minutes: Aluminum Bahrain Encounters Force Majeure; LME Aluminum Prices Hit a New High Since 2022] Overall, driven by both expectations of a widening overseas supply gap and risk-averse market sentiment, aluminum price fluctuations have further intensified, and SHFE aluminum prices are expected to maintain a fluctuate upward trend in the short term.

30 mins ago