Chalco Forecasts on China, Global Aluminum Market-Shanghai Metals Market

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Chalco Forecasts on China, Global Aluminum Market

Industry News 02:05:32PM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 -- Aluminum Corp of China Ltd (2600.HK: Quote) (601600.SS: Quote) (ACH.N: Quote), the world's most valuable aluminum company, has predicted the recovering global economy and steady growth in China will boost aluminum demand this year.

Following are production capacity, output and consumption data for China and the global market in 2009, as well as Chalco's forecasts for 2010 (in million tonnes):

 
2009
2010
Alumina
 
 
Global capacity
99.95
104.80
Global output
72.66
82.80
Global consumption
72.36
78.40
China capacity
33.26
36.50
China output
23.82
30.80
China consumption
26.43
35.00
Chalco capacity
11.28
n/a
Chalco output
7.78
10.43 (calculation)
China imports
5.14
4.20
Import price (CIF)
n/a
$330-$400/T
Domestic spot price
n/a
2,600-3,200 yuan/T
Aluminum
 
 
Global capacity
48.05
51.00
Global output
37.68
41.60
Global consumption
34.82
39.40
China capacity
19.50
21.54
China output
12.98
17.00
China consumption
13.80
16.50
Chalco capacity
3.97
n/a
Chalco output
3.44
3.96
Global price
n/a
$2,000-$2,400/T
China price
n/a
15,500-18,000 yuan/T


 

Chalco Forecasts on China, Global Aluminum Market

Industry News 02:05:32PM Mar 29, 2010 Source:SMM

SHANGHAI, Mar. 29 -- Aluminum Corp of China Ltd (2600.HK: Quote) (601600.SS: Quote) (ACH.N: Quote), the world's most valuable aluminum company, has predicted the recovering global economy and steady growth in China will boost aluminum demand this year.

Following are production capacity, output and consumption data for China and the global market in 2009, as well as Chalco's forecasts for 2010 (in million tonnes):

 
2009
2010
Alumina
 
 
Global capacity
99.95
104.80
Global output
72.66
82.80
Global consumption
72.36
78.40
China capacity
33.26
36.50
China output
23.82
30.80
China consumption
26.43
35.00
Chalco capacity
11.28
n/a
Chalco output
7.78
10.43 (calculation)
China imports
5.14
4.20
Import price (CIF)
n/a
$330-$400/T
Domestic spot price
n/a
2,600-3,200 yuan/T
Aluminum
 
 
Global capacity
48.05
51.00
Global output
37.68
41.60
Global consumption
34.82
39.40
China capacity
19.50
21.54
China output
12.98
17.00
China consumption
13.80
16.50
Chalco capacity
3.97
n/a
Chalco output
3.44
3.96
Global price
n/a
$2,000-$2,400/T
China price
n/a
15,500-18,000 yuan/T