China’s primary aluminium production drops 2% YoY in April
Production of primary aluminium in China stood at 11.52 million tonnes for the first four months of 2019, showed Shanghai Metals Market survey. Production dropped 1.42 per cent year-on-year as capacity in operation remained low after losses triggered a slew of capacity cuts from June 2018 to February 2019.
China produced 2.89 million tonnes of aluminium in April, a drop of 2.08 per cent from a year earlier. Domestic primary aluminium capacity in operation came in at an annualised 36.23 million tonnes by the end of April, with operating rates averaging 88.8%, inching up 0.3 percentage point from the end of March.
China’s primary aluminium production is expected to decline 1.56 per cent year-on-year to stand at 3.03 million tonnes by the end of this month.
Social inventories of primary aluminium in China are likely to drop to 1.3 million tonnes in May.
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