Aluminum Sheet & Strip Operating Rates Rise 0.6% to 71.0% Amid Peak Season Hopes, Oversupply Concerns Persist

Publicado: Aug 30, 2024 17:10
The operating rate of leading aluminum sheet and strip enterprises increased by 0.6 percentage points to 71.0% this week. As the traditional peak season of "Golden September and Silver October" approaches, some aluminum sheet and strip enterprises reported that demand began to pick up slightly, and the operating rate of individual sample enterprises increased accordingly. However, due to excessive new production capacity, the growth rate of supply far exceeds demand, and the supply-demand relationship in the industry is still oversupplied. Processing fees continue to operate close to the cost line. In the short term, with the peak consumption season approaching, the demand side is bound to usher in a seasonal improvement, and the operating rate of leading enterprises may still have room for growth.

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The operating rate of leading aluminum sheet and strip enterprises inc - Shanghai Metals Market (SMM)