Chinese aluminium production hits a fresh all-time high in June
Klaus Kleinfeld, chief executive of Alcoa, read from the same script during the company's analysts' conference call last week. He didn't leave much doubt as to where those expected production cuts will come. At current prices “we believe that roughly 6 million tonne of aluminum capacity in China is below the water-line. We expect that very soon, most likely in the third quarter, we will see 1 million to 1.5 million tonne coming offline.”
The only problem is, has anyone told the Chinese? Chinese production hit a fresh all-time high in June, according to figures from the China Nonferrous Metals Industry Association carried on the website of the International Aluminium Institute. Annualised production last month was 17.33 million tonne, 630,000 tonne higher than May and comfortably exceeding the previous all-time high of 16.99 million tonne recorded in February.
China's output of the light metal has been highly volatile over recent months. However, the underlying trend has been clear. China's cumulative production growth in the first half of this year was 49%, a figure that is only partly inflated by last year's relative low base. Little wonder that increasing amounts of metal are seeping out of the country. China flipped back to being a net exporter of primary metal last month to the tune of 6,000 tonne despite a punitive 15% export duty.
Related Tags: aluminum pipe, 3003 aluminum pipe, 2024 aluminum pipe
Persona a contactar : de tai, +15 0 22 12 77 19
Buen trato: comprar del vendedor
Por favor, lea nuestras condiciones de uso. También puede visitar nuestras preguntas frecuentes y ver nuestra información sobre los riesgos relacionados con la falsificación.
|
Esta página es acerca de los importadores y exportadores de Chinese aluminium production hits a fresh all-time high in June Buscar en la categoria : Construcción Buscar en la categoria : chinese, aluminium, time, hits, production, high, fresh |
51800 RopaReportar abuso
Thursday 30 May 2024
LT2403 china hat landscape light is constructed of solid brass to ensure its anti-ability against weather, and unique white paint under the hat to reflect light to the area you want to light up. Pre-stipped wire for quick wiring A free stake shall come with the fixture LED ready ...
Huizhou Motian Reuters Technology (Shenzhen) Co., Ltd
- 51800 - shenzhen
- +86 755 28716871
322000 B2B ServiciosReportar abuso
Wednesday 21 February 2024
Ring Wholesale A ring china is a circular band worn on a finger. Custom made rings can be made of various materials, including metals, gemstones, and plastics. They can be functional, like wedding or engagement rings, or purely decorative. Rings come in many styles, from understated to bold...
YIWU DOLPHIN NETWORK LTD.
- 322000 - Yiwu
- 0579 85668453
40100 Bienes de equipoReportar abuso
Thursday 12 December 2024
Cantidad : 1000000 - Precio : 15,00 €
Moroccan Argan Oil has become a highly sought-after ingredient in the beauty and wellness industry due to its exceptional benefits for skin, hair, and nails. As demand for this liquid gold continues to grow, businesses around the world are looking to source high-quality, pure Argan oil...
Argan oil of morocco
- 40100 - marrakech
- 06 12 64 57 57
