SMM

SHANGHAI, May 4 (SMM) – In terms of input costs, alumina and coal prices both fell last week. Smelters with captive power plants saw their power costs drop slightly, but power grid tariffs and hydropower prices remained stable. The real-time full costs of smelters dipped 6 yuan/mt from a week ago to 16,882 yuan/mt as of last Friday, while SMM A00 aluminium prices kept falling and stood at 18,480 yuan/mt, reducing smelters’ profits by 544 yuan/mt to 1,597 yuan/mt.