Aluminum smelter percentage of loss-incurring enterprises enlarge turnround is still struggling

Whether chinalco “price alliance”, or, if you are interested in the futures market’s price has not been saved “out of” price, as the percentage of loss-incurring enterprises of domestic electrolytic aluminium enterprises widen again, in the second quarter part of aluminum smelter started “survival battle” facing the fate of the day. Part due to the previous price preferential policy implementation, aluminum prices of electricity costs fell, the boom of alumina industry is not high at the same time making aluminum companies raw materials procurement costs fell, domestic electrolytic aluminium enterprises to further reduce the production cost. According to the android and the monitoring data show that by the end of may, China’s electrolytic aluminium enterprises arithmetic average production cost 13556.3 yuan/ton, from the previous month by 117.28 yuan/ton, the industry average loss of 578.3 yuan/ton; The weighted average cost of production 13224.22 yuan/ton, from the previous month by 76.69 yuan/ton, the industry average loss of 156.22 yuan/ton. However, in the electrolytic aluminium enterprise cost reduction, electrolytic aluminum industry in China in May losses did not fall. Zhuo and accounting, may run aluminium production capacity of 31.25 million tons, loss of production capacity of 18.268 million tons, industry loss rate of 58.46%, losses from the previous month to expand by 0.1%.

Zhuo and holds that the root reason for cutting aluminum smelter survival hope was in May at home and abroad have tumbled in aluminum prices, did not see any signs of recovery. Aaron aluminum abroad in May decline, high $1977 a tonne in early years later, at the end of the month to hit a year low of $1731 / ton, month to fall to $246 / ton, it indeed exceeded market expectations. And domestic prices as “child” that does not have definite to fall, passive, according to zhuo and may spot domestic aluminum month average price is 13105 yuan/ton, compared with last month’s fall 12 yuan/ton, down 0.09% y/y, rose 0.05% from a year earlier, the price is 13098 yuan/ton over the same period last year.