Power Rationing May Strengthen in Guizhou and Guangxi, Over 4.4 Million Mt Annual Aluminium Production Capacity to Be Affected

Published: Sep 16, 2021 17:35

Save

According to SMM survey, Guizhou Provincial Energy Bureau recently issued a notice on an orderly power utilisation plan in Guizhou Province in 2021, stating that the plan was formulated to actively respond to the power supply tension that may occur in local regions and ensure the safe and stable operation of the Guizhou power grid.

SHANGHAI, Sep 16 (SMM) – According to SMM survey, Guizhou Provincial Energy Bureau recently issued a notice on an orderly power utilisation plan in Guizhou Province in 2021, stating that the plan was formulated to actively respond to the power supply tension that may occur in local regions and ensure the safe and stable operation of the Guizhou power grid. The implementation includes three parts: prevention and pre-control, graded early warning, and graded response.

The plan involves 4 alumina plants in Guizhou Province (installed annual production capacity of 4.4 million mt, excluding Guizhou Qizheng) and all 5 aluminium plants (installed compliance annual production capacity of 1.34 million mt, current operating annual production capacity of 1.3 million mt).

The news of the tightening of power restrictions in Guangxi has once again been fermented. There was news that the power consumption of aluminium plants will be cut by 35% based on the monthly average consumption from January to July, and the power consumption of alumina plants will be cut by 70% on the same basis. SMM will continue to follow up the power rationing.

aluminium alumina

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

25 mins ago

Aluminum Alloy 2604 Futures See Mild Gains, Spot ADC12 Market Remains Stable

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2604 contract opened at 23,710 yuan/mt in the morning session and then quickly climbed, once touching an intraday high of 23,945 yuan/mt. Bulls then lost momentum, and prices pulled back step by step. In the afternoon, it fluctuated rangebound, and late in the session it fell further to an intraday low of 23,575 yuan/mt, finally closing at 23,725 yuan/mt, up slightly 0.17% from the previous trading day. Spot side, the ADC12 market was largely stable overall today, with a few enterprises raising quotes slightly. Supported by a modest strengthening in aluminum scrap prices, cost support for some enterprises improved somewhat, but due to limited fluctuations in aluminum prices and generally weak downstream demand,

25 mins ago

1 hour ago

【SMM Aluminum Flash News】[Yongzhen Co. to Invest $480M in Ultra-Wide Thin-Wall Aluminum Profiles Project in Jiangsu

March 16, Yongzhen Co., Ltd. issued an announcement stating that the company plans to invest 480 million yuan to implement a "Technical Upgrading Project for the Annual Production of 70,000 Tons of Ultra-Wide Thin-Wall Flat Extruded Aluminum Profiles and Their Deep-Processed Products" at its existing plant in Changzhou, Jiangsu Province. The project has a construction period of 12 months and is expected to commence on March 25. Through technological upgrades to the existing production lines, the company will achieve an annual production capacity of 70,000 tons of ultra-wide thin-walled flat extruded profiles. 40,000 tons of profiles will be used for deep processing, ultimately forming an annual production capacity of 40,000 tons of deep-processed products for new energy applications.

1 hour ago

【SMM Aluminum Flash News】Wanshun New Materials Completes Audit for €12.4M Acquisition of Eurofoil Luxembourg

On March 16, Wanshun New Materials issued an announcement stating that its wholly-owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., plans to acquire 100% equity of Eurofoil Luxembourg S.A. from Aluminium Investment Company Limited for €12,388,900 in cash. Upon completion of the transaction, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company's consolidated financial statements. According to the valuation, the market value of Eurofoil Luxembourg's net assets is €32,170,300, representing an increase of €11,150,100 over the book net assets, a 53.04% increase.

1 hour ago