19 APRIL 2016Shanghai Metals Market
Profit expands at Chinese aluminum smelters
Edited by : AL CIRCLE
1 min read
Chinese aluminium smelters have posted better profit thanks to continuous aluminium price rise, SMM learned.
Profit at those covered in SMM’s survey sample to 900-1,000 yuan per tonne in the week ending April 15. Raw material costs changed little.
Smelters in southwest China told SMM that local governments might not offer additional power tariff subsidies now that rising aluminium prices have improved smelters’ profitability. As such, local smelters have no intention of increasing production for now.
As of April 18, spot aluminium in Shanghai market traded at 11,940-11,950 yuan per tonne.
Profit at those covered in SMM’s survey sample to 900-1,000 yuan per tonne in the week ending April 15. Raw material costs changed little.
Smelters in southwest China told SMM that local governments might not offer additional power tariff subsidies now that rising aluminium prices have improved smelters’ profitability. As such, local smelters have no intention of increasing production for now.
As of April 18, spot aluminium in Shanghai market traded at 11,940-11,950 yuan per tonne.
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