Losses to expand aluminium capacity cuts by 800,000 mt/year-Shanghai Metals Market

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Losses to expand aluminium capacity cuts by 800,000 mt/year

Industry News 04:43:27PM Dec 21, 2018 Source:SMM

SHANGHAI, Dec 21 (SMM) – Heavy losses are likely to push China's major aluminium producers to cut annual capacity by another 800,000 mt in the short term, concluded the meeting by the China Nonferrous Metals Industry Association (CNIA) in Nanning of Guangxi province on Friday December 21. 

Leading aluminium companies such as Chinalco, Hongqiao, Xinfa, Jinjiang, East Hope, and SPIC participated in the meeting. 

Key Words:  Market commentary 

Price

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Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
Apr.19
2680.0
0.0
(0.00%)
Alumina -Central
Apr.19
2670.0
0.0
(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

Losses to expand aluminium capacity cuts by 800,000 mt/year

Industry News 04:43:27PM Dec 21, 2018 Source:SMM

SHANGHAI, Dec 21 (SMM) – Heavy losses are likely to push China's major aluminium producers to cut annual capacity by another 800,000 mt in the short term, concluded the meeting by the China Nonferrous Metals Industry Association (CNIA) in Nanning of Guangxi province on Friday December 21. 

Leading aluminium companies such as Chinalco, Hongqiao, Xinfa, Jinjiang, East Hope, and SPIC participated in the meeting. 

Key Words:  Market commentary