Asian Metal News
Shanxi Huaxing Aluminium (designed with 2 mtpy alumina capacity), expects to produce 110 kt in May up by 22% from 90 kt in April 2020.
Huaxing has two alumina production lines of 500 ktpy each and a 1 mtpy line. The company has been operating 1 mtpy (two 500 ktpy lines) from January to April 2020. According to an inside source, the company shutdown one 500 ktpy line and restarted 1 mtpy in early May, increasing its May output to 110 kt.
Huaxing produced 1.3 mln t of alumina in 2019 and the company’s 2020 annual output is expected to be lower.
At present, mainstream alumina prices stand at RMB 2,160~2,210/t ex-works in Shanxi, and have been stable since last Friday. The market appears flat with most refineries holding firm on prices and smelters remaining watchful.