04 MAY 2015Shanghai Metal Market
Xingan Chemical Alumina Plant closure unlikely to raise local prices
Edited by : AL CIRCLE
1 min read
Xingan Chemical Alumina Plant shut down 1.8 million-tpy alumina capacity on April 25 due to an accident, Shanghai Metals Market has learned.
It will take about 2 months for production to return to normal.
Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after the news.
However, this closure is unlikely to push up local prices, Liu Xiaolei, SMM aluminum analyst said,, citing high alumina inventories in Shanxi and weak demand from aluminum smelters.
It will take about 2 months for production to return to normal.
Some traders raised offers by 40 yuan/tonne to 2,540 yuan ($415) per tonne immediately after the news.
However, this closure is unlikely to push up local prices, Liu Xiaolei, SMM aluminum analyst said,, citing high alumina inventories in Shanxi and weak demand from aluminum smelters.
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