Zhongfu Industrial to move northern aluminium capacity to south China-Shanghai Metals Market

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Zhongfu Industrial to move northern aluminium capacity to south China

Company News 11:04:13AM Dec 13, 2018 Source:SMM

SHANGHAI, Dec 13 (SMM) – Rising prices of coal and winter production curbs drove Henan-based Zhongfu Industrial to shut its subsidiary, Linfeng Aluminum & Power in Linzhou city of Henan, Zhongfu announced on Wednesday December 12.

Suspended from the end of October, Linfeng housed 250,000 mt of primary aluminium capacity, and accounted for 30% of Zhongfu’s overall aluminium capacity.

The capacity would be relocated in Guangyuan city of Sichuan province where operating costs are cheaper.

Key Words:  Operation update   Aluminium 

Price

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Aluminum Ingot
Apr.18
14010.0
40.0
(0.29%)
Alumina (Averaged)
Apr.18
2665.0
19.0
(0.72%)
Alumina-East
Apr.18
2680.0
20.0
(0.75%)
Alumina -Central
Apr.18
2670.0
20.0
(0.75%)
Alumina - North
Apr.18
2660.0
20.0
(0.76%)

Zhongfu Industrial to move northern aluminium capacity to south China

Company News 11:04:13AM Dec 13, 2018 Source:SMM

SHANGHAI, Dec 13 (SMM) – Rising prices of coal and winter production curbs drove Henan-based Zhongfu Industrial to shut its subsidiary, Linfeng Aluminum & Power in Linzhou city of Henan, Zhongfu announced on Wednesday December 12.

Suspended from the end of October, Linfeng housed 250,000 mt of primary aluminium capacity, and accounted for 30% of Zhongfu’s overall aluminium capacity.

The capacity would be relocated in Guangyuan city of Sichuan province where operating costs are cheaper.

Key Words:  Operation update   Aluminium