2010 February Al Output Data Analysis-Shanghai Metals Market

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2010 February Al Output Data Analysis

Data Analysis 11:38:27AM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 (SMM) --
Alumina:
According to the China Nonferrous Metals Industry Association (CNIA), China's alumina output was 2.36 million mt during February, slightly lower than January's 2.51 million mt, but this drop was expected due to the fewer number of working days in February and due to the Chinese New Year holiday.  The output was also in line with results from a previous SMM survey that reported domestic alumina producers were maintaining steady operations.  China's alumina output should report marked changes in 3Q 2010, based on current plans for new alumina capacity in China.

Aluminum:
According to CNIA, China's aluminum output was 1.3 million mt during February, and daily output reached 46.5 kt/day, up 6.7% on a monthly basis, despite the holiday and shorter month.   Since electricity shortages in southwest China from the severe drought may negatively affect aluminum output during March, SMM predicts China's aluminum output released by CNIA for March is expected to be 1.38-1.4 million mt.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

2010 February Al Output Data Analysis

Data Analysis 11:38:27AM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 (SMM) --
Alumina:
According to the China Nonferrous Metals Industry Association (CNIA), China's alumina output was 2.36 million mt during February, slightly lower than January's 2.51 million mt, but this drop was expected due to the fewer number of working days in February and due to the Chinese New Year holiday.  The output was also in line with results from a previous SMM survey that reported domestic alumina producers were maintaining steady operations.  China's alumina output should report marked changes in 3Q 2010, based on current plans for new alumina capacity in China.

Aluminum:
According to CNIA, China's aluminum output was 1.3 million mt during February, and daily output reached 46.5 kt/day, up 6.7% on a monthly basis, despite the holiday and shorter month.   Since electricity shortages in southwest China from the severe drought may negatively affect aluminum output during March, SMM predicts China's aluminum output released by CNIA for March is expected to be 1.38-1.4 million mt.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn