01 DECEMBER 2015Shanghai Metal Market
Alumina price slump eases losses at Chinese aluminium smelters
Edited by : AL CIRCLE
1 min read
Chinese aluminium smelters suffered fewer losses thanks to a slump in alumina prices, SMM found.
The average loss at Chinese aluminium smelters surveyed by SMM shrank to less than 1,000 yuan ($156) per tonne in the week ending November 30. This is mainly contributed by an almost 100 yuan per tonne drop in alumina prices.
Spot aluminium prices in China fell early last week, but then rebounded. SMM spot aluminum average price slipped 4 yuan per tonne on a weekly basis to 9,948 yuan per tonne.
The average loss at Chinese aluminium smelters surveyed by SMM shrank to less than 1,000 yuan ($156) per tonne in the week ending November 30. This is mainly contributed by an almost 100 yuan per tonne drop in alumina prices.
Spot aluminium prices in China fell early last week, but then rebounded. SMM spot aluminum average price slipped 4 yuan per tonne on a weekly basis to 9,948 yuan per tonne.
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