Aluminum Cuts to Add Over 10 Tonnes of Alumina to Spot Market Per Month, SMM Estimates-Shanghai Metals Market

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Aluminum Cuts to Add Over 10 Tonnes of Alumina to Spot Market Per Month, SMM Estimates

SMM Insight 12:57:58PM Jul 25, 2017 Source:SMM

SHANGHAI, Jul. 25 (SMM) –Closures of illegal aluminum capacity as of July 21 may add nearly 170,000 tonnes of alumina to spot market per month in the short term, SMM estimates.

Exit of Low-Cost Aluminum Capacities in China to Be Filled by Restart of High-Cost Ones, SMM Warns 

Xinfa Group may ship surplus alumina to its aluminum plant in Xinjiang after slashing 530,000 tonnes of aluminum capacity last week, while Weiqiao Group may reduce alumina imports from Indonesia so as to make sure its alumina capacity in domestic market runs smoothly.

China Aluminum Stocks Grow Slower After Hitting Nearly 5-Year High, SMM Says

With illegal aluminum projects being called to a halt, alumina supply is shifting toward a glut.  

The weighted average alumina price in domestic four major markets was 2,542 yuan/tonne on July 21, down 10 yuan/tonne on a weekly basis.

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

Aluminum Cuts to Add Over 10 Tonnes of Alumina to Spot Market Per Month, SMM Estimates

SMM Insight 12:57:58PM Jul 25, 2017 Source:SMM

SHANGHAI, Jul. 25 (SMM) –Closures of illegal aluminum capacity as of July 21 may add nearly 170,000 tonnes of alumina to spot market per month in the short term, SMM estimates.

Exit of Low-Cost Aluminum Capacities in China to Be Filled by Restart of High-Cost Ones, SMM Warns 

Xinfa Group may ship surplus alumina to its aluminum plant in Xinjiang after slashing 530,000 tonnes of aluminum capacity last week, while Weiqiao Group may reduce alumina imports from Indonesia so as to make sure its alumina capacity in domestic market runs smoothly.

China Aluminum Stocks Grow Slower After Hitting Nearly 5-Year High, SMM Says

With illegal aluminum projects being called to a halt, alumina supply is shifting toward a glut.  

The weighted average alumina price in domestic four major markets was 2,542 yuan/tonne on July 21, down 10 yuan/tonne on a weekly basis.

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