The output of electrolytic aluminum increased by 2.5% from January to July of 21.13 million tons.

SMM: in July, the national output of ten non-ferrous metals increased by 3.3% compared with the same period last year, or 0.7% higher than the same period last year. Among them, copper production grew zero compared with the same period last year, up 4.8 percent in the same period last year; electrolytic aluminum production increased by 3.1 percent, falling by 2 percent in the same period last year; lead production increased by 18.9 percent, an increase of 5.7 percent over the same period last year; and zinc production decreased by 0.2 percent, compared with an increase of 17.4 percent in the same period last year.

From January to July, the national output of ten non-ferrous metals was 34.6 million tons, an increase of 3.1 percent over the same period last year, and the growth rate dropped 1.2 percentage points from the same period last year. Of this total, copper output was 5.63 million tons, up 3.9 percent, down 1.6 percent; electrolytic aluminum output was 21.13 million tons, up 2.5 percent, or 0.9 percent; lead output was 3.37 million tons, up 5.8 percent, down 11.3 percent; and zinc production was 3.57 million tons, up 4.6 percent, down 1.5 percentage points. Alumina production was 41.28 million tons, down 5.5 per cent from the same period last year and an increase of 6.2 per cent in the same period last year.

The prices of major non-ferrous metals are up from last month. The average trading prices of copper and electrolytic aluminum on the Shanghai Futures Exchange in July were 51104 yuan / ton and 14485 yuan / ton, respectively, up 9.6% and 5.7% over the previous month, and 9.3% and 5% over the same period last year. The average trading prices of lead and zinc were 15206 yuan / ton and 17694 yuan / ton respectively, up 5.4% and 6.1% over the previous month, down 6.6% and 9% from the same period last year.

Click to view: SMM monthly production data of basic metals in China

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