Xingan Chemical Alumina Plant closure unlikely to raise local prices
It will take about 2 months for production to return to normal.
Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after the news.
However, this closure is unlikely to push up local prices, Liu Xiaolei, SMM aluminum analyst said,, citing high alumina inventories in Shanxi and weak demand from aluminum smelters.
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals
A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.
September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA
Business Leads
