According to Mysteel Aluminum Cost Model, the weighted average cost of primary aluminum in China was Yuan 17545/t in December, down Yuan 12/t from a month ago. The whole sector faced an average profit of Yuan 1461/t, rising from November's Yuan 1173/t. Power and alumina cost saw a slight increase in December. However, the sharp decrease in anode cost led to a drop of aluminum production cost.
Data: Mysteel
The weighted average captive power price was up 0.9% on month to Yuan 0.4589/kWh in December, which means an increase of Yuan 57/t in power cost for those capacities using captive power. The weighted average grid power price was up 0.1% on month to Yuan 0.4859/kWh in December. For those capacities relying on grid power, there was an average growth of around Yuan 5/t in power cost.
Data: Mysteel
Based on the aluminum price and the cost in December, 14.3% of aluminum capacity in China was unprofitable, lower than November's 16.3%.
Data: Mysteel