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Home / Metal News / Profit Expands Sharply at Chinese Aluminum Smelters, SMM Says

Profit Expands Sharply at Chinese Aluminum Smelters, SMM Says

iconJul 17, 2017 12:53
Source:SMM
Rising aluminum prices and falling alumina prices allowed profit to expand significantly at aluminum smelters in China.

SHANGHAI, Jul. 17 (SMM) – Rising aluminum prices and falling alumina prices allowed profit to expand significantly at aluminum smelters in China.

Chalco Raises Aluminum Prices Further After Dramatic Hike

The SMM average spot aluminum price advanced 86 yuan/tonne on a weekly basis to 13,988 yuan/tonne last week, while the weighted average alumina price in four major markets dropped 61 yuan/tonne to 2,552 yuan/tonne as of July 14. Profit surged to above 1,100 yuan/tonne at smelters surveyed by SMM. 

Tug-of-War between Australian Alumina Suppliers and Chinese Buyers, SMM Reports

In the short term, SMM expects aluminum costs to fall further since there is still room to drop for alumina prices. 

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

aluminum prices
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For queries, please contact William Gu at williamgu@smm.cn

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

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