Aluminium extrusion producers post weaker orders in March across North China: SMM
According to Shanghai Metals Market report on April 10, aluminium extrusion orders in north China declined in March, as the two political sessions and the slowdown in real estate discouraged downstream purchases.
Production controls during China’s annual political sessions in Beijing suspended many constructions and also affected local manufacturers in March, resulting in lower demands of aluminium semi-finished products and thus, the orders across aluminium extrusion plants in the Beijing-Tianjin-Hebei region and nearby areas, such as Shandong and Shanxi provinces.
The floor space of completed building stood at some 125 million m² in the first two months of 2019, down 11.88 per cent from the same period in 2018, according to data from the National Bureau of Statistics (NBS). A higher base in March 2018 also led to the lower orders last month.
SMM forecasts this trend of lowered orders to continue in April and remain even weaker than in the same period last year.
Downstream orders across aluminium extrusion plants had grown in the first quarter of 2018, driven by a release of pent-up demand after environment pressure through 2017.
India’s 2019 aluminium wire import estimated to decline 37% after a sharp growth last year
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