Alumina Prices Dropped By 23%
Electrolytic aluminum enterprises in the previous substantial reduction in production, so that alumina prices high alumina company finally can not afford to lose. Reporters learned that from January 1st this year, the alumina price of Chinalco has been reduced to 2000 yuan / ton from the previous 2600 yuan / ton, a drop of as high as 23.08%. Only a year ago, at the beginning of 2008, the price of alumina was as high as 4200 yuan / ton, and the price had shrunk by 50% over the past year.
Affected by the poor downstream demand, the domestic electrolytic aluminum enterprises experienced a sharp reduction in production in October and December last year. By the end of the year, the national production scale has reached about 4 million 300 thousand tons, and the total reduction in December is about 1 million 700 thousand tons.
The reduction of electrolytic aluminum directly affects the demand for alumina. The reduction of the capacity of 1 million 700 thousand tons of electrolytic aluminum means that more than 3 million tons of alumina production capacity needs to be reduced simultaneously.
受到過剩產能激增的影響，國內氧化鋁價格受到極大壓力，分析人士認為，中鋁的此次調價也是順勢而行。而目前國內氧化鋁的實際運行價格則已經跌至1800元/噸左右。
Earlier, Chinalco has announced that the company has reduced alumina production in higher cost enterprises since late October 2008. As of November 5, 2008, the company has idle alumina production capacity of 4 million 110 thousand tons, accounting for about 38% of the total capacity of the company, including: Zhongzhou branch 640 thousand tons / year, Shanxi Branch 1 million 100 thousand tons / year, Shandong Branch 1 million 170 thousand tons / year, Henan branch 1 million 200 thousand tons / year.
According to statistics from China business network, the domestic alumina production capacity has been reduced by more than 7 million tons before the price drop. In the future, about 3 million tons of capacity readjustment is needed.
According to the latest understanding, Shanxi, Henan and Shandong have cut down production capacity of more than 2 million 200 thousand tons of alumina. Analysts believe that the downward pressure on alumina prices continues.
Editor: vivi
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