Shanghai Metals Market
Chinese aluminium smelter remain in profit territory, despite higher costs
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1 min read
Aluminium smelters in China posted big profit in July, despite rising costs, SMM learned.
Smelters surveyed by SMM reported average profit to 1,250 yuan per tonne in the week ending July 29.
Average cost at smelters in SMM’s survey sample rose 2.1 per cent from June to 10,752 yuan per tonne in July, driven mainly by an 8.33 per cent increase in power costs. Rising coal prices pushed up captive power costs at smelters.
Alumina cost slid 1.63 per cent, while prebaked anode cost was up 1.24 per cent, and cost for other supplementary materials dropped 2.84 per cent.
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