Home > News > China

China alumina output cuts set to end price slump

Thursday, Jul 25, 2019

   The shutdown of 1.5 million tonnes-per-year of alumina refining capacity in China will curb oversupply of the aluminium raw material and see prices currently languishing near two-year lows reach a bottom, Antaike says

  The production cuts - 1 million tonnes of which is only for 30 days of maintenance from July 20 - affect the key alumina-producing regions of Shanxi and Henan, the research house says in a note.
  Spot alumina prices in northern China sank to as low as 2,490 yuan ($362.18) a tonne on Wednesday, the lowest since August 2017 due to oversupply.
  The production cost for alumina refiners in northern regions is as high as 2,700 yuan, says Antaike, the research arm of the China Nonferrous Metals Industry Association, meaning some alumina firms are suffering "serious losses."
  Alumina prices have been on a "roller coaster" in China since the second quarter, Antaike noted, referring to environment-related closures in Shanxi in May that briefly took prices above 3,000 yuan a tonne. ($1 = 6.8751 Chinese yuan) (Reporting by Tom Daly; editing by Gopakumar Warrier)

Recommended exhibitions

China Lightweight Vehicle Summit 2018
China’s automobile industry development has faced with enormous pressure on energy and environmental protection. In ord......
Aluminum company promises to hire 550 in heart of Appalachia
An aluminum company says it will build a $1.3 billion plant in the heart of Appalachia, promising to hire 550 people and......
Aluminium China 2017 to Drive Industry Transformation in Lig
This year’s Aluminium China in Shanghai from 19-21 July is set to mark a new period of growth in the aluminium industry......
International aluminum meeting to include Northern Ontario c
Advocates for workers who were exposed to aluminum dust while working in Northern Ontario mines will present their work ......