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  • Longquan Aluminum to increase alumina consumption volume

    2021-02-23 08:34:37   [Print]
    BEIJING (Asian Metal) 23 Feb 21 - Henan Yugang Longquan Aluminum Co.Asian Metal Copyright .Asian Metal Copyright, a major aluminum smelter in China, is scheduled to use around 100,000t of alumina in March, up by around 10,000tpm, a source from the company reported to Asian Metal.

    "We would use around 100,000t in March, up from around 90,000t in February," said the source, explaining that they would restart one aluminum plant with the production capacity of 240,000tpy from early March. The monthly alumina consumption volume would reach around 120,000t from this May, noted the source, who now keeps around 20,000t in stock and purchases alumina mostly by long-term contracts.

    Based on the annual consumption capacity of 1.7 million tons, they used around 1.Asian Metal Copyright Most buyers came back from the Chinese Spring Festival holiday late last week and spot deals remains quiet now.Asian Metal Copyright14 million tons of alumina in 2020, little changed year-on-year.

    Current mainstream alumina prices in China keep at RMB2,350-2,400/t (USD364-371/t) EXW, unchanged from two weeks ago. Most buyers came back from the Chinese Spring Festival holiday late last week and spot deals remains quiet now.

    .Asian Metal Copyright7 million tons, they used around 1Asian Metal Copyright
    Caustic Soda 32%min Delivered China
    Unit:RMB/mt 100-basis
    Caustic Soda 32%min Delivered China RMB/mt 100-basis
    China alumina producers' operating rate statistics by province by month
    Unit: %
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