11 MAY 2017Shanghai Metals Market
Chalco cuts aluminium prices; China aluminium production to drop during winter heating season
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<p>China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices it offered in major markets on Thursday, May 11.</p>
<p>The price details are as follows:</p>
<p>Unit: yuan/tonne </p>
<p><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Chalco%20prices.png" alt="News" width="428" height="162" /></p>
<p>In another development, it is learnt that China might cut aluminium production by as much as 1-1.5 million tonnes during winter heating season, a high-ranking executive from Chalco said on May 4.</p>
<p>The heating season will start from November and last four months.</p>
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<p>China’s crackdowns on illegal aluminium capacity will affect capacity by 3-8 million tonnes, Lu Dongliang, Deputy President at Chalco said.</p>
<p>Aluminium consumption in China will grow 7-10% this year and the next and aluminium capacity in China will climb to 45 million tonnes by 2020, Lu added. </p>
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