EXCHANGE NEWS - SHFE approves Huanghe Xinye Aluminium as registered brand

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Vicky Chenvicky.chen@fastmarkets.comPhysicals Reporter+44 (0) 20 7337 2141

London 17/08/2016 - The Shanghai Futures Exchange (SHFE) has approved Qinghai Huanghe Xinye Aluminium Co's aluminium ingot brands, it said in a release on Wednesday. 

The approved brands are restricted to those produced in Xining, Qinghai Province, with purity of 99.7 percent. Huanghe's total capacity in Xining is around 575,000 tonnes per year. 

SHFE has previously approved Qinghai Qiaotou Aluminium, Gansu Dongxing Aluminium and Shangdong Hongqiao as registered brands - they have capacity of around 160,000, 800,000 and 500,000 tonnes per year respectively. 

The company has slashed production of 100,000 tonnes in 2015 among the 4.91 million cuts by Chinese primary aluminium smelters, according to Chinese metal information provider Antaike. 

Its main products are aluminium sheet, aluminium billet and aluminium ingot. 

(Edited by Kathleen Retourne) 

 

 



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