Profit Expands Sharply at Chinese Aluminum Smelters, SMM Says

Published: Jul 17, 2017 12:53

Save

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 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

2 hours ago

Haier Smart Home Leads Shandong's Key AI Multimodal Interaction Project for Smart Appliances

Recently, Haier Smart Home, leveraging its deep cultivation of artificial intelligence technologies and smart home strategy, was successfully approved to take the lead in the Shandong Province “Strategic Key Standardization Project for Critical AI Multimodal Interaction Technologies in Smart Home Appliances,” becoming the only lead enterprise in the industry in Shandong Province.

2 hours ago

Haier Smart Home Leads Shandong's AI Multimodal Tech Standardization Project

Recently, Haier Smart Home, leveraging its deep expertise in artificial intelligence technology and smart home strategy, was successfully approved to take the lead in the Shandong Province “Strategic Key Project for the Standardization of Key AI Multimodal Interaction Technologies for Smart Home Appliances,” becoming the only leading enterprise in the industry in Shandong Province. This represents Shandong Province’s strong recognition of the enterprise’s technological innovation capabilities and is also an important practical step in Haier Smart Home’s development of a platform-based, service-oriented technology ecosystem enterprise: through the standardization of AI technologies for smart home appliances, it will help drive the coordinated upgrading of smart home appliance technologies across the industry.

2 hours ago

China's Secondary Aluminum Alloy Ingot Inventory Down 595 mt, Destocking in Major Hubs

[SMM News Flash] Inventory of secondary aluminum alloy ingots in China’s major consumption hubs fell by 595 mt from the previous day today, with varying degrees of destocking seen in Foshan, Wuxi, Ningbo, and other regions.

2 hours ago