In the first half of 2024, Dongxing Aluminum Industry achieved a year-

Published: Jul 16, 2024 18:54

Save

In the first half of 2024, Dongxing Aluminum Industry achieved a year-on-year growth of 95.3% in profits. During this period, the production of electrolytic aluminum and aluminum coils increased by 10,800 tons and 18,000 tons respectively, year-on-year. Revenue grew by 5%, while industrial output value increased by 11.4% year-on-year. The profit grew by 95.3% year-on-year, and the local conversion rate of aluminum liquid reached 92.7%. In the first half of 2024, the company's complete cost of electrolytic aluminum decreased by 179 yuan/ton year-on-year. Currently, alumina and aluminum fluoride operations have reduced costs by 36 million yuan. Anode carbon block procurement is based on quality and quantity, with pricing adjustments to reduce costs, resulting in a year-on-year decrease of 45 yuan/ton in procurement pricing. Rational allocation of electricity usage, enhanced electricity market transactions, and comprehensive household electricity prices have decreased by 0.0763 yuan/kWh year-on-year, outperforming the same industry in the province by 0.0425 yuan/kWh.

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 for 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

2 hours ago

A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]

2 hours ago

Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone

Xinjiang Boyuan Aluminum Co., Ltd. is making every effort to advance the construction of its new-type aluminum semis project with an annual capacity of 150,000 mt. Located in the Huoshaoshan Aluminum Downstream Industrial Park of Xinjiang Zhundong Economic and Technological Development Zone, the project involves a total investment of 180 million yuan and covers an area of 64 mu. It is planned to build two standardized production workshops with a total floor area of 23,000 m². In terms of production line configuration, the project will be equipped with two aluminum rod production lines, eight cast-rolling aluminum coil and strip production lines, and one cold-rolling aluminum coil and strip production line. Once fully completed and put into operation, the project is expected to achieve an annual production capacity of 60,000 mt of aluminum wire and 90,000 mt of aluminum coil.

2 hours ago

[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note

[ADC12 Price Daily Commentary: Aluminum Futures Consolidate at Highs, ADC12 Spot Consolidates on a Strong Note] The aluminum alloy 2611 contract opened at 23,430 yuan/mt today, dipped to an intraday low of 23,320 yuan/mt where it found support before gradually rebounding, fluctuated within a range of 23,320-23,560 yuan/mt throughout the day, and closed at 23,435 yuan/mt, up 0.11%.

2 hours ago