China’s aluminium production in October grows 1.8% Y-o-Y to 3.13 million tonnes; Daily output falls lowest since July 2020
According to the data revealed by the National Statistics Bureau, China’s aluminium production in October stood at 3.13 million tonnes, 1.8 per cent higher year-on-year than 3.075 million tonnes. On a month-on-month calculation, the output stood up as well, ending a run of five straight monthly declines, found the official data.
However, the daily average output in October fell to its lowest since July 2020, as smelters faced continued restrictions due to power shortages. As per the data, daily production stood at 100,968 tonnes versus 102,500 tonnes in the previous month (30 days).
In October, the southwestern province of Guizhou ordered all five of its aluminium smelters to reduce power usage and shut capacity, reported MySteel consultancy, putting the annual operating capacity affected at 1.3 million tonnes.
Yunnan also commanded smelters not to increase average monthly production from August levels through the rest of the year, as a measure to curb energy consumption. Consultancy Wood Mackenzie expects more aluminium production suspensions in Yunnan during the fourth quarter, “as the impact of insufficient hydropower supply has been exacerbated by the dry season."
Nonetheless, the national output in the first ten months of 2021 totalled 32.27 million tonnes, up 6.5 per cent year-on-year.
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