Chinese aluminium production hits a fresh all-time high in June
Klaus Kleinfeld, chief executive of Alcoa, read from the same script during the company's analysts' conference call last week. He didn't leave much doubt as to where those expected production cuts will come. At current prices “we believe that roughly 6 million tonne of aluminum capacity in China is below the water-line. We expect that very soon, most likely in the third quarter, we will see 1 million to 1.5 million tonne coming offline.”
The only problem is, has anyone told the Chinese? Chinese production hit a fresh all-time high in June, according to figures from the China Nonferrous Metals Industry Association carried on the website of the International Aluminium Institute. Annualised production last month was 17.33 million tonne, 630,000 tonne higher than May and comfortably exceeding the previous all-time high of 16.99 million tonne recorded in February.
China's output of the light metal has been highly volatile over recent months. However, the underlying trend has been clear. China's cumulative production growth in the first half of this year was 49%, a figure that is only partly inflated by last year's relative low base. Little wonder that increasing amounts of metal are seeping out of the country. China flipped back to being a net exporter of primary metal last month to the tune of 6,000 tonne despite a punitive 15% export duty.
Related Tags: aluminum pipe, 3003 aluminum pipe, 2024 aluminum pipe
Contact : de tai, +15 0 22 12 77 19
Good deal: buying from seller
We invite you to read our terms of use. You can also visit our FAQ section and see our information section on the risks associated with counterfeiting.
|
This page is about importers and exporters of Chinese aluminium production hits a fresh all-time high in June Search in a category : Construction goods Search in a category : fresh, time, high, production, aluminium, chinese, hits |
51800 ClothesReport abuse
Thursday, May 30, 2024
LT2403 china hat landscape light is constructed of solid brass to ensure its anti-ability against weather, and unique white paint under the hat to reflect light to the area you want to light up. Pre-stipped wire for quick wiring A free stake shall come with the fixture LED ready ...
Huizhou Motian Reuters Technology (Shenzhen) Co., Ltd
- 51800 - shenzhen
- +86 755 28716871
51800 Women clothingReport abuse
Thursday, May 30, 2024
The floodlights are the main fixtures for the outdoor lighting of gardens, flower beds, and patios. It has been used widely in a lot of areas in recent years. Our LT2304 model is in a classic round shape. LT2304 is Ideal for securing the gate and lawn of your yard. LT2304 uses PAR36 bulbs...
Huizhou Motian Reuters Technology (Shenzhen) Co., Ltd
- 51800 - shenzhen
- +86 755 28716871
60386 PhonesReport abuse
Wednesday, June 22, 2022
Quantity : 100
Samsung Galaxy Z Flip3 5G SM-F711B. Taille de l'écran: 17 cm (6.7"), Résolution de l'écran: 2640 x 1080 pixels, Type d'écran: Dynamic AMOLED 2X. Famille de processeur: Qualcomm Snapdragon, Modèle de processeur: 888. Capacité de la RAM: 8 Go, Type de RAM: LPDDR5, Capacité de stockage interne...
MaKant Europe GmbH & Co. KG
- 60386 - Frankfurt am Main
- +49 (69) 9 150 750 14
