Cnal News
Local bauxite prices are standing at RMB290/t with alumina prices at RMB2,350/t in Guangxi, with other raw material prices including caustic soda and pre-bake anode the same as before the holiday. However thermal coal prices rose rapidly after the holiday, seeing Shanxi coal prices at RMB509/t at Qinhuangdao Port, up from RMB496/t before the holiday. Most road transport is still under suspension, driving up transportation costs to and from producers.
Most domestic primary aluminum smelters have been operational during the holiday, with logistics and sales progressing smoothly. At present, Xinjiang and Shandong primary aluminium smelters are capable of taking profits of RMB3,000/t, with average RMB2,00/t for other smelters thanks to generally steady raw material prices – with the exception of rising coal prices.
