PDF《2015 INTERIM RESULTS ANNOUNCEMENT》

7 In the first half of 2015, the overall global consumption of aluminum was weak and the growth in consumption for the period was not as strong as that in the corresponding period last year. The price of primary aluminum abroad maintained almost the same as that in the corresponding period last year. The overall price of primary aluminum at home hence moved downwards. In the first half of the year, the highest and lowest prices of the three-month aluminum futures at London Metal Exchange (LME) recorded were USD1,978 per tonne and USD1,617 per tonne respectively, with an average price of USD1,801 per tonne, representing a slight period-on-period increase of 0.33%. The highest and lowest prices of the three-month aluminum futures at Shanghai Futures Exchange (SHFE) recorded were RMB13,620 per tonne and RMB12,445 per tonne respectively, with an average price of RMB13,114 per tonne, representing a period-on-period decrease of 2.44%. BUSINESS REVIEW In the first half of 2015, in the face of the imbalance between the demand and supply in the domestic aluminum industry and the alarming scenario brought about by the continuous downward trend of the market price for aluminum products, the Company, with stopping losses, overcoming adversities and achieving develop........