SMM Alert: East Hope Output Cut Fuels Surge in SHFE Aluminum

Published: Jul 3, 2017 10:35

Save

SHFE aluminum shot up this morning following news on massive aluminum output cut at Xinjiang East Hope Nonferrous Metals Co.

SHANGHAI, Jul. 3 (SMM) – SHFE aluminum shot up this morning following news on massive aluminum output cut at Xinjiang East Hope Nonferrous Metals Co.

Aluminum Prices to Run Out of Steam This Week, SMM Predicts

The company shut down 33 electrolytic cells on July 1 and future cuts are still uncertain.

SMM will closely track the latest development surrounding production cuts at the company.

SMM: Worries Overdone Over Aluminum Output Curbs during Winter Heating Season

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

Xinjiang East Hope Nonferrous Metals Co.China aluminum output

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 for 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

19 mins ago

SHFE Cast Aluminum Alloy Warrants Down 573 mt, Total at 17,368 mt on July 27

[SMM Flash] SHFE data showed that on July 27, the total registered volume of cast aluminum alloy warrants was 17,368 mt, down 573 mt from the previous trading day. By region: Shanghai (1,564 mt, down 0 mt), Guangdong (1,876 mt, down 91 mt), Jiangsu (3,865 mt, down 91 mt), Zhejiang (6,154 mt, down 362 mt), Chongqing (3,124 mt, down 29 mt), and Sichuan (785 mt, down 0 mt).

19 mins ago

1 hour ago

Indonesia Reportedly Detains a Batch of Alumina Cargoes Over Rare Earth Issues—the Relevant Regulations Actually Stipulate as Follows [SMM Analysis]

1 hour ago

2 hours ago

Market trading sentiment was relatively mediocre, and procurement enthusiasm was low [SMM Spot Aluminum Midday Review]

2 hours ago