26 MAY 2015Shanghai Metal Market
China aluminum extrusion operating rate to fall further to 58% in May
Edited by : AL CIRCLE
1 min read
The average operating rate at Chinese aluminum extruders is expected to fall another 7 percentage points from a year ago to 58% in May, Shanghai Metals Market foresees.
Despite interest rate cuts by the PBOC, it is still difficult for aluminum extruders to secure loans from banks, SMM has learned. This will undermine production at extrusions.
The average operating rate at 30 aluminum extruders in SMM’s survey sample was 56.7% in April, up 6.02 percentage points from March, but down 9.83 percentage points year-on-year.
Despite interest rate cuts by the PBOC, it is still difficult for aluminum extruders to secure loans from banks, SMM has learned. This will undermine production at extrusions.
The average operating rate at 30 aluminum extruders in SMM’s survey sample was 56.7% in April, up 6.02 percentage points from March, but down 9.83 percentage points year-on-year.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Walker Marine wins award for the design of aluminium windfarm service vessels
Next articleCentre recommends imposition of anti-dumping duty on ‘cast aluminium alloy wheels’
Grow with
AL Circle
