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.
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: email@example.com or firstname.lastname@example.org.