Enquire: +86-571-88225041
Email: aluinchina@hotmail.com
Your Location > Home > News & Market >Domestic News > The cost of electrolytic aluminum remains high due to the rise in energy prices. Zhongfu Industry: is studying related solutions for rooftop photovoltaic development
Today' Focus
-
Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...
International News
Domestic News
Domestic News
The cost of electrolytic aluminum remains high due to the rise in energy prices. Zhongfu Industry: is studying related solutions for rooftop photovoltaic development
- China Aluminium Network
- Post Time: 2022/11/14
- Click Amount: 699
-
【Aluminum Road Network】
Affected by the decline in aluminum prices and the difference in energy prices, the performance of aluminum companies in the third quarter diverged. In October, the proportion of losses in the electrolytic aluminum industry expanded again. On November 10, Qian Yu, general manager of Zhongfu Industrial, and senior executives stated in the third quarter performance meeting that the aluminum deep processing business has gradually become a stable source of profit for the company, accounting for more than 60% of the profit in the first three quarters. Policy, the company's factory area has the conditions to develop rooftop photovoltaics, and is currently studying related plans.
In the second half of this year, the cost of electricity for electrolytic aluminum enterprises in Henan is relatively high, but the overall price of aluminum is sluggish. According to SMM data, the complete cost of domestic electrolytic aluminum in October 2022 is about 17,595 yuan/ton, a year-on-year decrease of 5.5%. Among them, about 30.2% of the production capacity was at a loss in October, mainly distributed in Shandong, Henan, Guangxi and other places. Aluminum plants with a cost of more than 18,000 yuan per ton account for 32.4% of the total production capacity.
During the performance meeting, some investors asked the company about the cost price of electrolytic aluminum, but Zhongfu Industry did not answer directly. Qian Yu, the general manager of the company, said that in order to reduce the impact of fluctuations in raw material prices on the company, the company has set up industrial chain layouts such as coal mining, thermal power generation, and carbon. The current cost has certain advantages. In the next two months, affected by the global energy crisis, the aluminum price The possibility of a sharp drop is small, and there is no plan to reduce production. At the same time, the aluminum deep processing business has gradually become a stable source of profit for the company, and its pricing adopts the "Yangtze River spot (or LME) aluminum ingot price + processing fee" model.
Qian Yu said that in the first three quarters of 2022, the company Source:
- Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China
Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China
Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this.
②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or
accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the
articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey
this.
③If any articles copied by our website concern the copyright and other problems, please contact us within one week.
