Kanghong Industry and Trade to resume secondary aluminum alloy ingot production
2024-03-11 12:01:30 [Print]
BEIJING (Asian Metal) 11 Mar 24 - Liquan Kanghong Industry and Trade Co., Ltd., one of major secondary aluminum alloy ingot producers in Northwest China, plans to resume production on March 13 and expects to produce about 1,300t in March.
"Due to the orange warning for local air pollution, our company stopped production on the evening of December 19 as requested by the government. With the lifting of pollution warning in early March, we plan to resume production on March 13 and expect to produce about 1,300t of aluminum alloy ingot in March," a source from the company said, adding that they would temporarily operate two smelting furnaces after restarting production.
With an annual production capacity of 60,000t and three 35-ton smelting furnaces, the company produced about 27,000t in 2022 and about 24,000t in 2023. They hold no stock now.
Last Friday, mainstream prices for aluminum alloy ingot ADC12 in Southwest China stood at RMB19,600-19,800/t (USD2,727-2,755/t) delivered D/P, up by RMB100/t (USD13.91/t) from the previous trading day. Insiders said that downstream consumers were less interested in purchasing this week due to the continuous increase in aluminum alloy ingot ADC12 price, and prices for Chinese aluminum alloy ingot ADC12 might move down in the following week.
"Due to the orange warning for local air pollution, our company stopped production on the evening of December 19 as requested by the government. With the lifting of pollution warning in early March, we plan to resume production on March 13 and expect to produce about 1,300t of aluminum alloy ingot in March," a source from the company said, adding that they would temporarily operate two smelting furnaces after restarting production.
With an annual production capacity of 60,000t and three 35-ton smelting furnaces, the company produced about 27,000t in 2022 and about 24,000t in 2023. They hold no stock now.
Last Friday, mainstream prices for aluminum alloy ingot ADC12 in Southwest China stood at RMB19,600-19,800/t (USD2,727-2,755/t) delivered D/P, up by RMB100/t (USD13.91/t) from the previous trading day. Insiders said that downstream consumers were less interested in purchasing this week due to the continuous increase in aluminum alloy ingot ADC12 price, and prices for Chinese aluminum alloy ingot ADC12 might move down in the following week.
