12 APRIL 2016Shanghai Metals Market
Chinese aluminium smelters hit by rising costs from alumina
Edited by : AL CIRCLE
1 min read
Majority aluminium smelters in China have been reported to be hit by higher costs in March, especially from alumina, SMM survey found.
Average cost at smelters surveyed by SMM rose 3.3 per cent month-on-month in March, driven mainly by 9.6 per cent increase in alumina costs, according to SMM statistics.
Looking ahead at April, alumina prices will not see big gains along with growing supply, SMM predicts. Rising coal prices in March will pass through to power costs at smelters, though.
Average cost at smelters surveyed by SMM rose 3.3 per cent month-on-month in March, driven mainly by 9.6 per cent increase in alumina costs, according to SMM statistics.
Looking ahead at April, alumina prices will not see big gains along with growing supply, SMM predicts. Rising coal prices in March will pass through to power costs at smelters, though.
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