Download our mobile app to 
your devices
Android devicesiOS devices
Holiday Pricing ScheduleFREE TRIALCompliance CentreAbout UsContact Us
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
Home / Metal News / SHFE Aluminum Soars after Much-Higher-than-Expected Cut Rumor at China Hongqiao 

SHFE Aluminum Soars after Much-Higher-than-Expected Cut Rumor at China Hongqiao 

iconAug 2, 2017 14:12
Source:SMM
SHFE aluminum gained almost 2.5% just now following rumor that China Hongqiao Group will shut down 2.6 million tonnes of aluminum capacity.

SHANGHAI, Aug. 2 (SMM) – SHFE aluminum gained almost 2.5% just now following rumor that China Hongqiao Group will shut down 2.6 million tonnes of aluminum capacity.

When Will China Aluminum Stocks Peak After Hitting Record High? SMM Reports

According to the rumor, the closure, which is much higher than 1.4 million tonnes market had expected, will be completed before October 15.

SMM Analysis of Shandong Alumina and Aluminum Capacity Cut Policy

The company has made no comments so far.

The cuts will not exceed 2 million tonnes since the company’s aluminum capacity is not that much, SMM estimates. SMM will track the latest development.   

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

China Hongqiao Group
china aluminum capacity

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All
MOST POPULAR
1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles
2.Aluminum Wire Supplier Screening
3.Cost Analysis Of AL Extrusion For Target Units
4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)
5.Optimization Of Purchasing Cost For Casting Alloys
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.