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Global aluminium output, including China, rising to a record 48.1Mty’
Edited by : AL CIRCLE
1 min read
The International Aluminium Institute (IAI) monthly production data showed global primary aluminium output continued to strengthen in September, reported Barclays Capitals.
Including the Chinese production data, the IAI data showed output rising by 12.4% y/y (1% m/m) to a daily average production level of 131.7Ktd in September which converts into a record 48.1Mty annualised rate, bank stated.
In terms of regional performance, there was little change in trend of production growth outside of China. Latin American production continued to contract in y/y terms (-3.2%), while North America (+8.9%), Asia (+15.5%) and Western Europe (+4.7%) all saw solid growth.
In terms of the China-specific data (prereleased by the IAI on behalf of the CNIA), the official monthly production figure of 1.58Mt meant daily production reached a record 52.7Ktd domestically and a record 19.2Mty. This represented a firm 19.6% y/y increase, with the base month of September 2010 being one where power-related cutbacks in output weighed on Chinese output.
Including the Chinese production data, the IAI data showed output rising by 12.4% y/y (1% m/m) to a daily average production level of 131.7Ktd in September which converts into a record 48.1Mty annualised rate, bank stated.
In terms of regional performance, there was little change in trend of production growth outside of China. Latin American production continued to contract in y/y terms (-3.2%), while North America (+8.9%), Asia (+15.5%) and Western Europe (+4.7%) all saw solid growth.
In terms of the China-specific data (prereleased by the IAI on behalf of the CNIA), the official monthly production figure of 1.58Mt meant daily production reached a record 52.7Ktd domestically and a record 19.2Mty. This represented a firm 19.6% y/y increase, with the base month of September 2010 being one where power-related cutbacks in output weighed on Chinese output.
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