SHANGHAI, Jul. 24 (SMM) – Xinjiang East Hope, Shandong Weiqiao and Shandong Xinfa, whose aluminum costs are low, cut capacity, while some high-cost capacities are coming back online, SMM survey found.
SMM Aluminum Price Outlook for Q3 and Q4 2017
SMM data showed the weighted average full cost is 12,797 yuan/tonne (including tax) for operating aluminum capacity in China, while the weighted average cash cost is 11,811 yuan/tonne (including tax). Over 98% of operating aluminum capacity is in profit territory based on cash costs.
How Will Aluminum Prices Perform This Week? SMM Reports
Rising aluminum prices helped expand profit further to more than 1,100 yuan/tonne at domestic aluminum smelters as of July 21.
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