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Chinese Aluminium Output in January up 3.5% YoY

Metal News - Published on Thu, 13 Feb 2020

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China’s primary aluminium output grew to 3.07 million tonnes in January, to produce a year-over-year increase of 3.5%. As of the end of January, there was 36.52 million tonne per year of primary aluminium capacity in operation in China, with operating rates across Chinese primary aluminium producers at 89.5%, up 0.8 percentage point from levels seen at the end of December 2019. High profits encouraged smelters to ramp up operations last month, leading to higher operating rates across Chinese primary aluminium producers. Idled projects in Qinghai and Inner Mongolia restarted, while new projects in Yunnan and Sichuan were commissioned or ramped up.

Primary aluminium producers have not heard to have trimmed their output due to the epidemic, but concerns about alumina supply are growing given transport restrictions and the extended holidays.

Production of primary aluminium is expected to drop to 2.88 million tonnes in February, which has only 28 days. This would mark a 7.34% increase from the same month of 2019. With the epidemic delaying the resumption of aluminium processors, social inventories of primary aluminium ingots are likely to exceed 1 million tonnes by the end of this month.

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Posted By : Rabi Wangkhem on Thu, 13 Feb 2020
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