Sanmenxia Mingzhu to resume brown fused alumina production
2023-04-18 08:35:32 [Print]
BEIJING (Asian Metal) 18 Apr 23 - A major brown fused alumina producer in Henan, Sanmenxia Mingzhu Electric Smelting Co., Ltd. resumed production on 10th April after suspension for three months, expecting an output of nearly 2,000t in April.
"We halted production in early January due to sluggish market demand and resumed production last Monday", a source from the company claimed, noting that they plan to produce about 2,000t this month and the output would reach 3,000t in May.
With a production capacity of 60,000tpy, the company produced about 15,000t in 2022 and they expected to produce about 25,000t this year. They hold an inventory of almost 3,000t at present.
The present mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max in Henan stand at RMB4,800-5,000/t (USD699-728/t) EXW D/P, unchanged from late last week. The market saw stagnant buying activities as the downstream demand stayed in low position. Nonetheless, in view of the firm calcined bauxite prices, insiders hold the belief that the prevailing prices of Chinese brown fused alumina would stay stable in the forthcoming week.
"We halted production in early January due to sluggish market demand and resumed production last Monday", a source from the company claimed, noting that they plan to produce about 2,000t this month and the output would reach 3,000t in May.
With a production capacity of 60,000tpy, the company produced about 15,000t in 2022 and they expected to produce about 25,000t this year. They hold an inventory of almost 3,000t at present.
The present mainstream prices of Chinese brown fused alumina 95%min 1-3mm Fe2O3 0.3%max SiO2 1.0%max in Henan stand at RMB4,800-5,000/t (USD699-728/t) EXW D/P, unchanged from late last week. The market saw stagnant buying activities as the downstream demand stayed in low position. Nonetheless, in view of the firm calcined bauxite prices, insiders hold the belief that the prevailing prices of Chinese brown fused alumina would stay stable in the forthcoming week.
