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Profit Expands Further at Aluminum Smelters in China, SMM Says

iconJul 31, 2017 10:43
Source:SMM
Rising aluminum prices allowed profit at aluminum smelters in China to expand further last week.

SHANGHAI, Jul. 31 (SMM) – Rising aluminum prices allowed profit at aluminum smelters in China to expand further last week.

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The SMM average spot aluminum price increased 56 yuan/tonne on a weekly basis to 14,254 yuan/tonne last week. This expanded profit to 1,200-1,300 yuan/tonne at domestic aluminum smelters.

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