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THINK ALUMINIUM THINK AL CIRCLE
Normally, the NBS consolidates production data for January and February to minimise distortions caused by the Chinese New Year (CNY) holiday, which usually falls in either of the two months, Mysteel Global notes.
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On a daily basis, primary aluminium output nationwide averaged 127,627 tonnes during the first two months of the year, rising by 2.9 per cent on year, Mysteel Global calculated based on the NBS figures.
The increase in output was largely associated with the relatively higher operation rates among Chinese primary aluminium smelters during the two months compared with the same period of the previous year, market watchers said. Most smelters had maintained stable production over the period, even during the nine-day CNY holiday from February 15-23.
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