Capital costs up 1-2% for aluminium firms in Henan, Chengdu-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Copper
  • thép
  • Macroeconomics
  • Aluminium
  • Stainless steel
  • Production data
  • Mengtai Group
  • Market commentary
  • Lithium
  • Iron ore
  • Shanghai Nickel spot

Capital costs up 1-2% for aluminium firms in Henan, Chengdu

Industry News 01:19:53PM Apr 03, 2018 Source:SMM

SHANGHAI, Mar 1 (SMM) – Some aluminium processing companies in Henan province and Chengdu face higher capital costs of 1-2% in April as they turn to personal loans to obtain financing, SMM learned. 

This was a result of Chinese banks raising interest rates on loans after 2014, thereby making it more difficult for enterprises to obtain loans. Interest rates of loans are estimated at 8-9% in April 2018.

Other than personal loans, some companies have opted for funds in the form of receivable financing from supply chain financing companies. 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Price

more
Aluminum Ingot
Oct.11
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Fo Shan
Oct.11
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Wu Xi
Oct.11
13970.0
-20.0
(-0.14%)
Aluminum Ingot - Hang Zhou
Oct.11
13980.0
-30.0
(-0.21%)
Aluminum Ingot - Chong Qing
Oct.11
13970.0
-20.0
(-0.14%)

Capital costs up 1-2% for aluminium firms in Henan, Chengdu

Industry News 01:19:53PM Apr 03, 2018 Source:SMM

SHANGHAI, Mar 1 (SMM) – Some aluminium processing companies in Henan province and Chengdu face higher capital costs of 1-2% in April as they turn to personal loans to obtain financing, SMM learned. 

This was a result of Chinese banks raising interest rates on loans after 2014, thereby making it more difficult for enterprises to obtain loans. Interest rates of loans are estimated at 8-9% in April 2018.

Other than personal loans, some companies have opted for funds in the form of receivable financing from supply chain financing companies. 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn