Chinese Aluminum Smelters to Face Rising Power Costs, SMM Expects

SHANGHAI, Jul. 3 (SMM) – Rising coal prices will add to power costs at aluminum smelters in China that have captive power plants, SMM understands.

The Bohai-Rim Steam-Coal Price Index rose for three weeks in a row, albeit at a slower pace.

Chinese Authorities to Examine Captive Power Plants at Aluminum Smelters in Six Major Producing Provinces

The average profit held largely steady around 500 yuan/tonne at aluminum smelters surveyed by SMM in the week ending June 30. The SMM average spot aluminum price increased 26 yuan/tonne on a weekly basis to 13,702 yuan/tonne. 

Aluminum Prices to Run Out of Steam This Week, SMM Predicts

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