Lower alumina operational cost and robust spot prices yielded decent profits to aluminium smelters

SHANGHAI, Jun 20 (SMM) – A slight decline in alumina prices last week contributed to a slight reduction in domestic primary aluminium costs. Expected aluminium production resumptions in Yunnan Will support alumina prices. The forthcoming trading of alumina futures contract is likely to contain alumina price drop. Meanwhile, the power costs and auxiliary materials prices remained unchanged. By Friday, the immediate cost of domestic primary aluminium dropped by 55 yuan/mt from the previous week to roughly 15,943 yuan/mt. The SMM A00 aluminium ingot price was recorded at 18,820 yuan/mt, boosting domestic primary aluminium profits to about 2,877 yuan/mt, a 225 yuan/mt increase from the prior week.