Price weakness, production curbs prompt Chalco to shut aluminium capacity-Shanghai Metals Market

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Price weakness, production curbs prompt Chalco to shut aluminium capacity

Company News 12:53:15PM Dec 03, 2018 Source:SMM

SHANGHAI, Dec 3 (SMM) – The Aluminum Corp of China Ltd. (Chalco) said on Friday November 30 that it will cut output on some of its primary aluminium production lines in north China in face of declining prices of aluminium.  

China’s biggest state-run aluminum producer plans to cut 470,000 mt of capacity including 30,000 mt at Shanxi Huasheng. The figure also includes 50,000 mt at Shandong Huayu that was shut on November 15 and 390,000 mt at Gansu Liancheng.

The timeline and duration of the cuts remain unclear. 

Price

more
Aluminum Ingot
Apr.22
14130.0
80.0
(0.57%)
Alumina (Averaged)
Apr.22
2675.0
10.0
(0.38%)
Alumina-East
Apr.22
2690.0
10.0
(0.37%)
Alumina -Central
Apr.22
2680.0
10.0
(0.37%)
Alumina - North
Apr.22
2670.0
10.0
(0.38%)

Price weakness, production curbs prompt Chalco to shut aluminium capacity

Company News 12:53:15PM Dec 03, 2018 Source:SMM

SHANGHAI, Dec 3 (SMM) – The Aluminum Corp of China Ltd. (Chalco) said on Friday November 30 that it will cut output on some of its primary aluminium production lines in north China in face of declining prices of aluminium.  

China’s biggest state-run aluminum producer plans to cut 470,000 mt of capacity including 30,000 mt at Shanxi Huasheng. The figure also includes 50,000 mt at Shandong Huayu that was shut on November 15 and 390,000 mt at Gansu Liancheng.

The timeline and duration of the cuts remain unclear.