NEWS
Aluminium   Exchange & Stocks  

China aluminium production to significantly grow in 2020: Andy Home at LME Week 2019

Andy Home, a Senior Metals Columnist at Thomson Reuters, said at the SMM London Metal Exchange Week 2019 that China’s aluminium production would likely grow significantly in 2020, indicating a potential jump in exports in anticipation of relatively moderate growth in domestic demand.

SMM research found Sichuan Guangyuan Zhongfu was planning to start a new capacity of 250,000 tonnes per year this month, while Yunnan Shenhuo would put its 150,000 tonnes per year capacity into operation.  The output from Mengtai which was commissioned in the second half of October was available in the markets, while it was heard that Xinfa would resume part of its capacity in November.

Home further said that considering the expectations of greater supply, the downside in aluminium prices would be expectedly limited in the coming years.

On the demand side, domestic growth is unlikely to meet the pace of supply expansion, Home estimates. He thinks the transport sector to be the stellar driver of aluminium consumption in China and elsewhere in the world.

On the US-China trade front, Home believes the US tariffs took no toll on China’s aluminium exports, other than the fact that the destinations of exports changed. While exports to the US dropped by 50 per cent, cargoes flowed to Asian and European countries.

News No: 7294
Date: 2019/11/06 - 18:16
News Source: ALCIRCLE.COM

China  aluminium  LME  London Metal Exchange  SMM 

Comments:

Leave a Comment:

   
   
   
 

Tankoa Yachts unveils new 50-metre all-aluminium superyacht S501 feauturing light aluminium alloy

Tankoa Yachts S.p.A has reportedly introduced a new 50-metre all-aluminium superyacht S501. The yacht is nearing completing in Italy now after the relaxation of lockdown restrictions caused by the COVID-19.
 

China's Chambroad Petchem to invest in new PP units

China's Chambroad Petrochemical is planning to build two 600,000 t/yr polypropylene (PP) units as part of a 5.17bn yuan ($728mn) propylene plant with 2.04mn t/yr of raw material processing capacity.
 

Chinalco tests workers at Toromocho after covid-19 case

Workers at the Toromocho copper mine in Peru, operated by Chinalco’s Aluminum, were given rapid tests for the novel coronavirus on Thursday after an employee at its processing facility tested positive, the company said.
 

Dan'roll technologies for steel and Aluminium strip processing

The Danieli Dan’Roll team develops customized roll products for flat steel and nonferrous metal producers, worldwide.
 

Copper price jumps as Chinese imports surge

Copper rallied again on Friday after a rebound in Chinese imports of the metal indicated the country’s manufacturing and construction sector may be emerging faster than anticipated from the covid-19 slump.
 

Rio Tinto’s top investors face off over emissions cut plan

Rio Tinto’s top investors are set to face off at the company’s upcoming annual meeting, with only some of them in favor of pushing the miner to extend the range of its targets to reduce greenhouse gas emissions.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners