Domestic Al Production Cuts to Expand
27/03/20 | Aluminium
Shanghai Nonferrous Metals News SMM: More than 20 mtpy of domestic primary aluminium capacity is in loss in terms of cash costs,(with reference to an averaged industry cash cost of RMB 11,700/t and primary aluminium prices of RMB 11,330/t as of 25th March 2020). The full, averaged industry cost currently…
Chongqing Qineng to Cut Al Operations
26/03/20 | Aluminium
Asian Metal News Chongqing Qineng Aluminium smelter, designed with 330 ktpy capacity is set to cut operations gradually, starting from April 2020. The company, with 296 sets of 420 kA cells, halted 10 cells this week. According to an inside source, the company is facing a loss of RMB 1,000/t…
Domestic Al Production Cuts – 330 ktpy
26/03/20 | Aluminium
Baichuan News An increasing number of domestic aluminium smelters have cut operations or are advancing maintenance plan this week in the wake of negative profits in terms of average industry cash costs. According to Baichuan Consultancy, a total of 330 ktpy of primary aluminum capacity will be cut in China…
Shuangyuan Al Starts Overhaul
25/03/20 | Aluminium
Asian Metal News Guizhou Shuangyuan Aluminium, designed with 150 ktpy primary aluminium capacity is set to run maintenance on 50 sets of 240 kA cells this week, involving 50 kt capacity. The company is advancing its maintenance plan amid falling aluminium prices. It produced 12 kt of aluminium in February…
Yunnan Al Renews Electricity Contract with Huineng
25/03/20 | Aluminium
SMM News Yunnan Aluminum Corporation announced that it will continue to rely on Yunnan Huineng Electricity Sales Co., Ltd., to manage and integrate its electricity resources during 2020. Huineng Electricity Sales is held under the Yunnan Metallurgical Group Co., Ltd., which is also the controlling shareholder in Yunnan Aluminium. The…
Domestic Al Inventory Continues to Increase
24/03/20 | Aluminium
SMM News 23rd March 2020: Total domestic aluminium inventory at China’s major store houses increased by 17 kt from last Thursday to 1.66 mln t, including 158 kt in Shanghai, 650 kt in Wuxi, 132 kt in Hangzhou, 202 kt in Gongyi, 432 kt in Nanhai, 57 kt in Tianjin,…
Dongxing Al Starts Overhaul
23/03/20 | Aluminium
Asian Metal News Gansu Dongxing Aluminum has a total of 1.7 mtpy primary aluminium capacity at its Jiayuguan (1.35 mtpy) and Longxi smelters (350 ktpy). The company plans to run maintenance on seventy 500kA cells and twenty 240kA cells starting from late March, and involving 100 ktpy capacity. According to…
Weiqiao: 2019 Al Output Drops to 5.64 mln t
23/03/20 | Aluminium
Shanghai Nonferrous Metals News China Hongqiao, a listed company of the Weiqiao Group on HKEX announced on Friday, 21st March that its 2019 net profits grew by 12.7% y-o-y to RMB6.095 bln. This result was on falling production costs despite the company’s primary output falling by 11.3% y-o-y to 5.64…
Domestic Primary Al Inventory up by 54 kt
20/03/20 | Aluminium
Cnal News 20th March: Total domestic aluminium inventory at China’s major store houses increased by 54 kt from last Thursday to 1.65 mln t, including 151 kt in Shanghai, 649 kt in Wuxi, 427 kt in Nanhai, 130 kt in Hangzhou, 204 kt in Gongyi, 57 kt in Tianjin, 17…
