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Chalco to Resume 800kt/yr Alumina Facility in Chongqing

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[Pb] Chinese Lead Imp/Exp Data in April 2009

BEIJING, May 22 -- Chalco, the listing arm of China's top aluminum producer Chinalco, is preparing to resume production of its alumina project in southwest China's Chongqing Municipality.
&nbsp;&nbsp;&nbsp; The alumina plant is scheduled to possess annual production capacity of 800,000 tons.
&nbsp;&nbsp;&nbsp; March saw Chalco Shandong branch restore 400,000 tons of alumina capacity, and its Henan branch restart almost one million tons of alumina capacity.
&nbsp;&nbsp;&nbsp; Data from ChinaCCM.com show that the country has totally resumed 5-6 million tons of alumina since March.
&nbsp;&nbsp;&nbsp; "Currently, about 21.5 million tons of alumina capacities are in operation in China," said Shan Xiangbing, an analyst with ChinaCCM.com.
&nbsp;&nbsp;&nbsp; Besides Chalco, some other large alumina enterprises have also started their suspended alumina production lines in the past two months.
&nbsp;&nbsp;&nbsp; Meanwhile, China's alumina import in April reached 650,000 tons, hitting a monthly record high since February of last year, up 140 percent over March. Its alumina import in January-April period went down 2.91 percent year on year to 1.67 million tons.
&nbsp;&nbsp;&nbsp; Aluminum prices in China had climbed from last year's valley of 10,040 yuan/ton to 14,900 yuan/ton on April 10 of this year, and then hovered over 12,000-13,000 yuan/ton from late April to now.
&nbsp;&nbsp;&nbsp; Despite the country planned to restore more than 1.9 million tons of electrolytic aluminum capacity in March, actually less than half have been resumed so far.
&nbsp;&nbsp;&nbsp; Therefore, the resumed capacity for alumina stays far higher than that for electrolytic aluminum if calculated with 1.9 tons of alumina for producing one ton of electrolytic aluminum.
&nbsp;&nbsp;&nbsp; Some small alumina producing enterprises had lowered their ex-factory prices in face of mass production resumption.
&nbsp;&nbsp;&nbsp; Now alumina prices in China are approaching 2,000 yuan/ton. Chalco quotes its alumina price at 2,300 yuan/ton.
&nbsp;&nbsp;&nbsp; Alumina stocks at Chinese ports now total around 1.5 million tons.
&nbsp;&nbsp;&nbsp; Shan believed that alumina import in May will definitely stand above 400,000 tons if lower than April import.
&nbsp;&nbsp;&nbsp; According to some traders, alumina prices are expected to keep slipping and likely to plunge to below 2,000 yuan/ton in the future.
&nbsp;&nbsp;&nbsp; (Source: chinamining.org)

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Chalco to Resume 800kt/yr Alumina Facility in Chongqing | Shanghai Non ferrous Metals

Chalco to Resume 800kt/yr Alumina Facility in Chongqing

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