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 : hits, aluminium, chinese, fresh, time, high, production |
214000 Women clothingReport abuse
Thursday, January 04, 2024
Specialised shipping containers provides a diverse range of products tailored to meet the specific needs of various industries. Our offerings include 20-foot dry cargo containers with durable steel flooring, custom-fit 20-foot containers with specialized fittings, Container Energy...
WFH SG GROUP PTE LTD
- 225400 - xinjiapo
- 65 68185733
Tianhe FurnituresReport abuse
Monday, April 26, 2021
To meet more requirements of the current market, HOLIKE specially develops some models for irregular kitchen, customized for Irregular kitchen, such as arc angle, etc. Maximize the use of space, exquisite and original. HOLIKE CREATIVE HOME Co.,Ltd. is one of professional wholesale...
HOLIKE CREATIVE HOME Co.,Ltd
- 510665 - Tian
- 86 20 89311964
- No 18 Keyun Road, Tianhe distric
60386 PhonesReport abuse
Wednesday, June 22, 2022
Quantity : 100
Samsung Galaxy Watch4. Taille de l'écran: 3,56 cm (1.4"), Type d'écran: SAMOLED, Résolution de l'écran: 450 x 450 pixels, Écran tactile. Fréquence du processeur: 1180 MHz, Capacité de la RAM: 1500 Mo, Memoire flash: 16 Go. Wifi. GPS (satellite). Capacité de la batterie: 361 mAh. Poids: 30,3 g...
MaKant Europe GmbH & Co. KG
- 60386 - Frankfurt am Main
- +49 (69) 9 150 750 14
