China’s primary aluminium production grows 1.22% M-o-M and 8.14% Y-o-Y to 3.32MT in January
In China, primary aluminium production stood at 3.32 million tonnes in January, registering an increase of 1.22 per cent month-on-month from 3.28 million tonnes in December and 8.14 per cent year-on-year, showed Shanghai Metals Market.
China’s daily average primary aluminium output rose 1,400 tonnes from 105,800 tonnes in December to 107,200 tonnes in January, as Yunnan Shenhuo and Inner Mongolia Chuangyuan continued to release output. The proportion of aluminium water came in at 63.3%, down 3.3 percentage points month-on-month.
As of early February, there were 39.55 million tonnes of capacity in operation among 43.20 million tonnes per annum of total existing capacity, while operating rates across smelters stood at 91.6 per cent.
As new aluminium projects in Yunnan will continue to release output, SMM expects China’s primary aluminium production to stand at 3.02 million tonnes in February. Import is expected to be at about 80,000 tonnes as demand is likely to be slow in the same month due to the Chinese New Year holiday.
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