Profit Shrinks Dramatically at Aluminum Smelters in China, SMM Reports

Published: Jun 12, 2017 15:31

Save

Profit at Chinese aluminum smelters shrank sharply due to falling aluminum prices and rising alumina prices, SMM learned.

SHANGHAI, Jun. 12 (SMM) – Profit at Chinese aluminum smelters shrank sharply due to falling aluminum prices and rising alumina prices, SMM learned.

The average profit was just 450 yuan/tonne at smelters in SMM’s survey sample in the week ending June 9.

Further Declines in Store for LME Aluminum This Week, SMM Predicts

The average spot aluminum price slid 82 yuan/tonne on a weekly basis to 13,618 yuan/tonne, while alumina prices rose to 2,700 yuan/tonne.

The Bohai-Rim Steam-Coal Price Index (BSPI) dropped for nine consecutive weeks.

Chalco Cuts Aluminum Prices further across Major Markets on June 13
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

13 hours ago

Aluminum Futures Rebound, Spot Prices Stable as Market Activity Slows Ahead of Chinese New Year

[SMM Daily Review] Futures side, the most-traded aluminum alloy 2604 contract first fell then rose today. It hit bottom at 22,080 yuan/mt in the morning session and gradually rebounded, fluctuating at highs and consolidating in the afternoon, finally closing at 22,205 yuan/mt, up 70 yuan/mt or 0.32% from the previous close, with bulls mainly increasing positions. Spot market side, A00 aluminum price edged down 30 yuan/mt from the previous trading day to 23,260 yuan/mt, while SMM ADC12 price held steady at 23,650 yuan/mt. As the Chinese New Year approached, upstream and downstream enterprises in the secondary aluminum industry chain entered a concentrated holiday period, market liquidity significantly decreased, actual transactions remained sluggish, and spot quotations mostly adjusted slig

13 hours ago

14 hours ago

Data: SHFE, DCE market movement (Feb 11)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 11 Feb , 2026

14 hours ago

SHFE Cast Aluminum Alloy Warrants Drop to 66,848 MT on Feb 11

[SMM Flash] SHFE data showed that on February 11, the total registered volume of cast aluminum alloy warrants was 66,848 mt, a decrease of 452 mt compared with the previous trading day. Among them, the total registered volume in Shanghai was 6,490 mt, an increase of 121 mt from the previous trading day; Guangdong's total registered volume was 23,241 mt, a decrease of 423 mt; Jiangsu's total registered volume was 8,831 mt, a decrease of 90 mt; Zhejiang's total registered volume was 22,249 mt, a decrease of 30 mt; Chongqing's total registered volume was 4,684 mt, a decrease of 30 mt; Sichuan's total registered volume was 1,353 mt, unchanged from the previous trading day.

14 hours ago