Shanghai Nonferrous Metals News

As of 26th May, SMM data shows domestic primary aluminum smelters having full averaged production costs of RMB12,472/t, seeing profit margins increase to RMB888.4/t – thanks to rising spot aluminium prices and declining raw material costs. Domestic aluminium smelters now have positive margins, reversing losses of RMB2,093/t on average incurred when prices dropped to a low point in mid-March.

Spot primary aluminium prices have been rising rapidly since late March, leveraging up SHFE aluminium prices and opening an aluminium import arbitrage window in May.


CM Group Newsletter

Sign up to the CM Group newsletter to receive regular publications.