Asian Metal News
East Hope Jinzhong Aluminium Co. Ltd. has designed alumina capacity of 3.2 mtpy comprising three production lines of two 1 mtpy lines and one 1.2 mtpy line. The company has brought its maintenance plan for one line forward from August to July due to weak alumina prices. At present, most local Shanxi refineries face a deficit of approximately RMB 200/t for every tonne of alumina produced.
East Hope Jinzhong has completed technology upgrades on one 1 mtpy alumina production line early in July and started production using Guinean bauxite. The company originally planned to produce 240 kt of alumina in July but ongoing maintenance will curb output for the month to 200 kt, the same as in June.
The company currently holds no inventory and its parent company, the East Hope Group is responsible for sales. Its 2018 alumina output was 1.6 mln t and its 2019 H1 output was 1.09 mln t.
At present, mainstream alumina prices are standing at RMB 2,490~2,540/t ex-works in Shanxi, the same as earlier this week.