But the exports may increase in the coming months owing to strong LME price

摘要

The LME aluminum has performed strongly in recent few months thanks to funds buying. The LME-3-month aluminum struck a 17-year high of 2,697 in early February. Although the price largely declined in mid-February,, the bullish sentiment for the aluminum has not come to an end. la the period of price soaring, some Chinese aluminum smelters began to conduct hedge on the SHFE. And those smelters that have their aluminum ingots registered on the LME may also build sizeable short positions on the overseas futures market for hedge purpose. Henan Shenhuo Aluminum, Henan Zhongfu Aluminum, Gansu Lanzhou Liancheng Aluminum is the traditional key exporters. The smelters run at full capacity despite high alumina price, because their power rate are relatively lower compared with other smelters.