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Chinese Aluminium Production in April Recovers

Metal News - Published on Wed, 20 May 2020

Image Source: China Aluminium
National Bureau of Statistics data showed that China’s aluminium production rose by 1.5% in April from a year earlier to .97 million tonnes, a 10-month high on a daily basis as a rapid rebound in prices after a coronavirus-driven collapse kept smelter operating rates high. That was flat on the previous month but on a daily basis April output works out at about 99,000 tonnes per day, according to Reuters calculations, up from around 95,800 tonnes in March, which had one more day. The daily rate is the highest since June 2019.

January-April output was up 2.4% year-on-year at 11.93 million tonnes

Aluminium prices in China, which crashed alongside demand in February and March in the wake of the coronavirus outbreak, staged a strong recovery in April, gaining 9% in their best month since August 2017 after smelters had cut supply and consumption at processing plants rebounded.

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Posted By : Yogender Pancholi on Wed, 20 May 2020
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