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Weiqiao Group Seeking Buyer for Surplus Alumina after Illegal Aluminum Capacity Closure, SMM Says
Aug 8,2017 16:16CST
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Source:SMM
Weiqiao Group is seeking buyers for its surplus alumina since it and Xinfa Group were ordered to close illegal aluminum capacity, SMM found.

SHANGHAI, Aug. 8 (SMM) –Weiqiao Group is seeking buyers for its surplus alumina since it and Xinfa Group were ordered to close illegal aluminum capacity, SMM found.

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Because of output cuts at these top two aluminum smelters in Shandong, local alumina market was flooded, sending alumina prices down 20 yuan/tonne last week. 

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SMM expects alumina prices to continue falling in the near term.   

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Weiqiao Group
Xinfa Group
china aluminum capacity

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