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.