Shanghai Metals Market
Rising alumina prices squeeze profit at Chinese aluminium smelters, SMM says
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Rising alumina prices and falling aluminium prices have reduced profit at Chinese aluminium smelters, SMM learned.
Chinese aluminium smelters in SMM survey sample reported profit of 1,000-1,160 yuan per tonne last week.
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Alumina prices gained another 30 yuan per tonne, while average spot aluminium price in Shanghai dropped 142 yuan per tonne to 12,552 yuan per tonne last week, SMM data showed.
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