Sign in | Join us  
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information

  Featured Companies
 • Zhengzhou haixu…
 • Honest-Horse China…
 • Henan Sicheng Abrasives…
 • NagualMetal Precision…
 • Jiangsu Leyuan New…
 • Puyang Honestar…
 • Henan Sicheng Abrasives…

 Print  Add to Favorite
Custom your font size:     

China Shanxi Spot Alumina Price Drops Yuan 20/mt to Yuan 2,590/mt

Post Date: 07 Aug 2017    Viewed: 4026

The China ex-works Shanxi daily spot alumina assessment closed last Friday at Yuan 2,590/mt ($381/mt) full cash terms, down Yuan 20/mt from Thursday and down Yuan 30/mt from a week ago. The current price also reflected a decline of Yuan 90/mt on the month.

Offers have lowered Friday on prevailing weak market sentiment, as talks of smelter cuts continued, sources said.

Xinjiang smelter cuts are expected to be confirmed and completed by July 20.

Shandong authorities are expected to step up pressure on Xinfa and Hongqiao groups for further cuts.

The National Development and Reform Commission called for a meeting with affected smelters last Thursday to review progress on supply-side reforms, and Henan provincial government announced plans to cut 500,000 mt/year of smelter capacity in the region by end-2018.

Last Friday, a 50,000 mt trade was heard done at Yuan 2,540-2,550/mt cash ex-works Henan between a Northwest China smelter and Henan refiner, but could not be confirmed as yet.

Several market participants expressed doubt that sellers would accept levels as low as Yuan 2,550/mt, but all agreed prices remained on the downtrend as offers have lowered.

A Shanxi refiner put the bid-ask spread at Yuan 2,550-2,650/mt last Friday, while a Henan refiner placed it at Yuan 2,500-2,680/mt.

A second Henan refiner put the current minimum tradeable level at Yuan 2,600/mt.

Two Chinese smelters, meanwhile, put tradeable Shanxi/Henan prices at Yuan 2,550-2,600/mt and Yuan 2,550-2,620/mt, respectively, depending on individual buy-sell positions, they said.

Last Friday, the front-month aluminum contract on the Shanghai Futures Exchange closed at Yuan 14,055/mt, up from Yuan 13,840/mt last week, and also from Yuan 13,610/mt a month ago.

Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0468 seconds
亚洲av天堂综合在线观看|两个人做人爱视频大全|水蜜桃成视频 <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <蜘蛛词>| <文本链> <文本链> <文本链> <文本链> <文本链> <文本链>