echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Electrolytic aluminum production capacity continues to release aluminum prices under pressure

    Electrolytic aluminum production capacity continues to release aluminum prices under pressure

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum main month 2101 contract opened at 16400 yuan / ton, the highest intraday 16465 yuan / ton, the lowest 15935 yuan / ton, settled 16235 yuan / ton, and closed at 16075 yuan / ton, down 105 yuan
    .
    Today's Shanghai aluminum trend is weak, China's unwrought aluminum and aluminum exports in November were 424,000 tons, October was 418,000 tons, aluminum ingot social inventory slightly accumulated, electrolytic aluminum production capacity continued to release, aluminum prices under pressure
    .

    Aluminum prices

    In terms of external trading, today's London aluminum opened high and low, LME three-month aluminum Beijing time at 15:00 at 2016.
    5 US dollars / ton, down 24.
    5 US dollars, or 1.
    20%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 16470-16510 yuan / ton, down 110 yuan; Guangdong South Reserve reported 16500-16560 yuan / ton, down 120 yuan; Hua reported 16590-16610 yuan / ton, down 110 yuan
    .
    The circulation supply is still sufficient, the enthusiasm of large households to receive goods is acceptable, and there is a demand
    for replenishment in the downstream.

    Industry news, Chifeng Qihui Aluminum Development Co.
    , Ltd.
    has an annual output of 6.
    5 million tons of alumina project, which is scheduled to start construction at the end of the first quarter of 2021
    .
    When commissioned, the project will surpass the 6.
    3 million tonnes at Hydro's Alunorte plant in Brazil to become the world's largest monomer alumina plant
    .

    The 1 million tonnes production capacity of Guizhou Zunyi Industrial Development Co.
    , Ltd.
    has recently begun preparations for the resumption of production, or will start in mid-to-early December
    .
    Zunyi aluminum project master plan to build a bauxite mine with an annual capacity of 4 million tons / year and an alumina plant
    with a capacity of 2 million tons / year.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.