Aluminium Smelters’ Profits Improved On Aluminium Price Rally And Lower Raw Material Prices

SHANGHAI, May 22 (SMM) - The SMM alumina index slipped 13 yuan/mt last week. Coal prices rebounded slightly, but this has not yet been transmitted to the power costs of aluminium smelters with captive power plants. The real-time full costs of smelters stood at 16,362 yuan/mt last Friday. SMM A00 aluminium prices rallied last week and stood at 18,540 yuan/mt on Friday, leaving smelters’ profits at 2,179 yuan/mt, which expanded 276 yuan/mt from a week earlier.

The summer peak period of electricity consumption is approaching, which may drive up electricity prices.