15 DECEMBER 2014Shanghai Metal Market
China aluminum alloy consumption to grow in 2014, SMM sees
Edited by : AL CIRCLE
1 min read
China’s aluminum alloy consumption will grow in 2014 due to robust demand from wheel manufacturers, Shanghai Metals Market foresees.
Strong exports of China’s aluminum alloy wheels will support aluminum alloy consumption. China exported 71,500 tonnes of aluminum alloy wheels in October, up 13.0% year-on-year. Year-to-date exports through October also grew 12.5% on the year to 660,100 tonnes, customs data showed.
The average operating rate at major Chinese A356 aluminum alloy producers changed little from October at 67.35% in November, SMM’s survey of 15 A356 aluminum alloy producers showed.
Output at the surveyed producers totaled 114,500 tonnes in November, basically flat with October’s level.
Processing fees stayed around RMB 700 yuan ($114) per tonne for delivery to factory.
Strong exports of China’s aluminum alloy wheels will support aluminum alloy consumption. China exported 71,500 tonnes of aluminum alloy wheels in October, up 13.0% year-on-year. Year-to-date exports through October also grew 12.5% on the year to 660,100 tonnes, customs data showed.
The average operating rate at major Chinese A356 aluminum alloy producers changed little from October at 67.35% in November, SMM’s survey of 15 A356 aluminum alloy producers showed.
Output at the surveyed producers totaled 114,500 tonnes in November, basically flat with October’s level.
Processing fees stayed around RMB 700 yuan ($114) per tonne for delivery to factory.
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