China’s aluminium production falls 3.7% YoY in August, NBS says
China’s production of 10 nonferrous metals fell 2.2 per cent to 4.42 million tonnes in August, according to the National Bureau of Statistics (NBS). The country’s aluminium production declined for a second successive month to the lowest level since April 2016 in August.
China’s aluminium production decreased 3.7 per cent year-on-year to 2.64 million tonnes in August. During January- August, the country produced 22.17 million tonnes of aluminium, an increase of 6.1 per cent from a year ago.
“We do think aluminium production will go slightly down going forward,” Jackie Wang, an aluminium consultant at CRU in Beijing said. “Because of the supply-side reform cuts and upcoming winter cuts, we expect to see a bit of a deficit in Q4 in China.”
China’s nonferrous production increased 4.9 per cent to 36.4 million tonnes in the first eight months of 2017.
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