Average cost of China's electrolytic aluminum industry in February 2026
March 11, 2026
Yuefeng Aluminum Technology statistics show that in February 2026, the average tax-inclusive production cost of the electrolytic aluminum industry in China was 15,692.39 yuan/ton, a decrease of 0.72% compared with the previous month and a decrease of 7.70% compared with the same period last year. From January to February 2026, the average tax-inclusive production cost of the electrolytic aluminum industry in China was 15,749.18 yuan/ton. In February 2026, the average tax-inclusive total cost (including sales) of the electrolytic aluminum industry in China was 16,056.24 yuan/ton, a decrease of 0.70% compared with the previous month. From January to February 2026, the average tax-inclusive total cost (including sales) of the electrolytic aluminum industry in China was 16,113.02 yuan/ton. Regarding alumina, in February, the aluminum oxide market shifted from a prolonged oversupply situation to a slightly short supply situation. Overall, the spot price of domestic alumina in China showed a stable trend, and the monthly average price was still lower than the average price in January 2026. The settlement price of aluminum oxide in February (1.26 - 2.25) was 2,630 yuan/ton, a decrease of 31 yuan/ton compared with the previous month, a decline of 1.16%. For the pre-baked anode, the purchase benchmark price of a certain aluminum factory in Shandong for pre-baked anode in February 2026 was 95 yuan/ton lower than that in January, and the current spot price was 5,229 yuan/ton. Regarding electricity prices, the average comprehensive electricity cost used by the electrolytic aluminum industry in China in February 2026 was 0.4207 yuan/kWh, a decrease compared with the previous month. Overall, the tax-inclusive production cost of the electrolytic aluminum industry in China decreased compared with the previous month. In terms of prices, the spot settlement price of Baichuan Yingfu in February 2026 was 23,631.65 yuan/ton, an increase of 34.44 yuan/ton compared with the previous month, a rise of 0.15%. Based on production costs, the theoretical average profit of the electrolytic aluminum industry in February 2026 was 7,939.26 yuan/ton, an increase of 1.90%. It is expected that the electricity price will not change much in March 2026, the price of alumina will rise, the price of pre-baked anode will fall, and the overall prediction is that the theoretical cost of the electrolytic aluminum industry in March may increase slightly.
