CHALCO releases floor prices for aluminum hydroxide and non-metallurgical alumina
2018-08-28 17:41:31 [Print]
Aluminum Corporation of China Limited ("CHALCO" for short) released a notice about its latest floor prices for non-metallurgical alumina and ordinary aluminum hydroxide on August 27. Details are as follows:
Based on changes of supply and demand in alumina market, and for the purpose of improving profitability, CHALCO and China Aluminum International Trading Co., Ltd. ("CHALCO International Trading" for short) will execute the floor price of RMB3,500/t (USD514/t) and RMB2,275/t (USD334/t) for selling spot non-metallurgical alumina and ordinary aluminum hydroxide respectively, effective from 8:00 on August 27, 2018. The sales prices agreed in one-year term or long-term sale contracts or sales prices agreed in short-term contracts that are still being executed would remain unchanged. According to the notice, after the expiration of short-term contracts, CHALCO and CHALCO International Trading will execute the newly-agreed floor prices. The loan payment method remains unchanged.
Hereby notify the above.
27th August 2018
CHALCO Marketing & Purchasing Department
Based on changes of supply and demand in alumina market, and for the purpose of improving profitability, CHALCO and China Aluminum International Trading Co., Ltd. ("CHALCO International Trading" for short) will execute the floor price of RMB3,500/t (USD514/t) and RMB2,275/t (USD334/t) for selling spot non-metallurgical alumina and ordinary aluminum hydroxide respectively, effective from 8:00 on August 27, 2018. The sales prices agreed in one-year term or long-term sale contracts or sales prices agreed in short-term contracts that are still being executed would remain unchanged. According to the notice, after the expiration of short-term contracts, CHALCO and CHALCO International Trading will execute the newly-agreed floor prices. The loan payment method remains unchanged.
Hereby notify the above.
27th August 2018
CHALCO Marketing & Purchasing Department
Aluminum Hydroxide 64.5%min EXW China
Unit:RMB/mt
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