Tianshan Aluminum: Net profit in the First Three Quarters to Up 163.5%, the Average Price of Aluminium Ingots Up 35% YoY

Published: Oct 14, 2021 17:09

Save

Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

SHANGHAI, Oct 14 (SMM) – Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

The industry maintained bullish market sentiment in the first three quarters, with strong demand for aluminium ingots. The supply remained tight. Aluminium prices continued to increase amid capacity ceilings and power rationing. The average market prices of aluminium ingots rose about 35% YoY in January-September.

Aluminium Tianshan Aluminum net profit

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

3 hours ago

Secondary Aluminum Prices Were Expected to Face Downward Pressure and Pull Back in April[SMM Analysis]

[SMM Analysis]Weak Supply-Demand Pattern; Secondary Aluminum Prices Were Expected to Come Under Pressure and Pull Back in April

3 hours ago

Supported by Multiple Factors, Aluminum Fluoride Prices Rose Sharply in April [SMM Analysis]

Overall, cost support remained strong, supply tightened while demand stayed stable. As tender prices became clear, aluminum fluoride prices were generally raised by around 800 yuan/mt in line with the guidance. Going forward, close attention should be paid to dynamic changes in raw material costs and adjustments in downstream procurement pace.

3 hours ago

6 hours ago

Bauxite Inventory at Ten Domestic Ports Rises by 2.17 Million MT

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on April 3, the total bauxite inventory at ten domestic ports increased by 2.17 million mt from the previous week.

6 hours ago