SHANGHAI, May 26 (SMM) – Continuous coal price fall has further cut power costs at Chinese aluminum smelters using captive power, SMM has learned.
The Bohai-Rim Steam-Coal (5,500 Kcal) Price Index (BSPI) fell for 19 weeks running to 414 yuan ($67) per tonne as of May 22.
As much as 70% of the country’s operational aluminum capacity relies on captive power, with the rest 30% using on-grid power, SMM statistics found.
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