Aluminum Production Cuts Send Ripple Effects, SMM Reports-Shanghai Metals Market

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Aluminum Production Cuts Send Ripple Effects, SMM Reports

Industry News 06:14:24PM Aug 01, 2017 Source:SMM

SHANGHAI, Aug. 1 (SMM) – Production cuts at aluminum smelters in Xinjiang and Shandong will have knock-on effects on downstream processors, SMM understands. 

Government Crackdowns to Affect Mainly Private Aluminum Smelters with Captive Power Plants, SMM Says

The cuts will tighten aluminum liquid supply and thus allow smelters to ask nearby processing plants for higher aluminum liquid prices in H2 2017. 

Profit Expands Further at Aluminum Smelters in China, SMM Says

SMM learned one smelter in Shandong might hike aluminum liquid prices by around 100 yuan/tonne. 

A few processors could pass higher costs to end-users, but most may be unable to do so, given the buyer’s market, SMM noted. 

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

Price

more
Aluminum Ingot
Jul.18
13850.0
0.0
(0.00%)
Aluminum Ingot - Fo Shan
Jul.18
13830.0
-10.0
(-0.07%)
Aluminum Ingot - Wu Xi
Jul.18
13840.0
0.0
(0.00%)
Aluminum Ingot - Hang Zhou
Jul.18
13860.0
5.0
(0.04%)
Aluminum Ingot - Chong Qing
Jul.18
13840.0
0.0
(0.00%)

Aluminum Production Cuts Send Ripple Effects, SMM Reports

Industry News 06:14:24PM Aug 01, 2017 Source:SMM

SHANGHAI, Aug. 1 (SMM) – Production cuts at aluminum smelters in Xinjiang and Shandong will have knock-on effects on downstream processors, SMM understands. 

Government Crackdowns to Affect Mainly Private Aluminum Smelters with Captive Power Plants, SMM Says

The cuts will tighten aluminum liquid supply and thus allow smelters to ask nearby processing plants for higher aluminum liquid prices in H2 2017. 

Profit Expands Further at Aluminum Smelters in China, SMM Says

SMM learned one smelter in Shandong might hike aluminum liquid prices by around 100 yuan/tonne. 

A few processors could pass higher costs to end-users, but most may be unable to do so, given the buyer’s market, SMM noted. 

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