Higher aluminium price prompts Chinese smelters to restart idled capacity - sources

Chinese aluminium producers are ramping up production on improved aluminium prices, with output at one smelter - Shanxi Meixin Industry - now running at full capacity of 300,000 tonnes per year, sources have told Fastmarkets.

Shanxi Meixin Industry had been producing at a rate of 220,000 tpy between January and July and began ramping up on July 17, an alumina trader told Fastmarkets on Tuesday August 27.
“They started preparation of the rest of the 80,000 [tpy capacity] on July 17 and finished the ramp-up on around August 22. No doubt it will attribute [this move] to the better aluminium price these days,” the alumina trader explained.

The aluminium price trading on the Shanghai Futures Exchange has risen since the start of August...


Hui Li

August 28, 2019

11:22 GMT