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Home / Metal News / Chalco Raises Aluminum Prices Sharply After Output Cut Rumor at China Hongqiao

Chalco Raises Aluminum Prices Sharply After Output Cut Rumor at China Hongqiao

iconAug 3, 2017 10:12
Source:SMM
China Aluminum International Trading raised aluminum prices significantly today after yesterday’s rumor that China Hongqiao Group will slash aluminum capacity.

SHANGHAI, Aug. 3 (SMM) –China Aluminum International Trading Co. (Chalco Trading) raised aluminum prices it offered in major markets significantly today after yesterday’s rumor that China Hongqiao Group will slash aluminum capacity, it said on its WeChat.   

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

For details, please see the table below: 

Unit: yuan/tonne  

Henan Wanji Seeking Buyer for Aluminum Capacity Swap Quota

Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminum sales. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

 

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For queries, please contact William Gu at williamgu@smm.cn

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