SMM Aluminum Products Output Data Analysis in November 2012-Shanghai Metals Market

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SMM Aluminum Products Output Data Analysis in November 2012

Data Analysis 09:40:33AM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) -

Alumina
According to the China Nonferrous Metals Industry Association (CNIA), China produced 2.95 million mt of alumina during November, up 11.68% YoY, with increasing output at aluminum smelters in northwest China boosting demand for alumina. In order to ensure a smooth commissioning next year, new aluminum smelters in Xinjiang province recently began aggressively stockpiling alumina, which tightened market supply in some regions.

Primary Aluminum
Data from the CNIA shows China produced 1.66 million mt of primary aluminum during November, up 13.3% YoY, but down 3.2% MoM. Primary aluminum capacity in operation during November totaled 20.28 million mt/yr, virtually unchanged from October levels. New aluminum capacity continued to come online at the year’s end, especially at new aluminum smelters in Xinjiang province. As a result, SMM expects the average monthly output at primary aluminum smelters to continue to increase for the foreseeable future.

Aluminum Semis
According to the CNIA, China produced approximately 2.89 million mt of aluminum semis during November, up 35.9% YoY, and up 3.0% MoM. According to the latest SMM survey, the average operating rate at aluminum plate, sheet, strip and foil producers during November was 55.41%, up 1.60% MoM, while the average rate at aluminum extrusion producer was 65.39%, also up 4.74% MoM. The acceleration of projects at year-end increased orders for aluminum extrusion and restocking by air-conditioner producers boosted orders for air-conditioner foil, which helped aluminum semis output hit a new record high in November.  

 

SMM Aluminum Products Output Data Analysis in November 2012

Data Analysis 09:40:33AM Jan 04, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) -

Alumina
According to the China Nonferrous Metals Industry Association (CNIA), China produced 2.95 million mt of alumina during November, up 11.68% YoY, with increasing output at aluminum smelters in northwest China boosting demand for alumina. In order to ensure a smooth commissioning next year, new aluminum smelters in Xinjiang province recently began aggressively stockpiling alumina, which tightened market supply in some regions.

Primary Aluminum
Data from the CNIA shows China produced 1.66 million mt of primary aluminum during November, up 13.3% YoY, but down 3.2% MoM. Primary aluminum capacity in operation during November totaled 20.28 million mt/yr, virtually unchanged from October levels. New aluminum capacity continued to come online at the year’s end, especially at new aluminum smelters in Xinjiang province. As a result, SMM expects the average monthly output at primary aluminum smelters to continue to increase for the foreseeable future.

Aluminum Semis
According to the CNIA, China produced approximately 2.89 million mt of aluminum semis during November, up 35.9% YoY, and up 3.0% MoM. According to the latest SMM survey, the average operating rate at aluminum plate, sheet, strip and foil producers during November was 55.41%, up 1.60% MoM, while the average rate at aluminum extrusion producer was 65.39%, also up 4.74% MoM. The acceleration of projects at year-end increased orders for aluminum extrusion and restocking by air-conditioner producers boosted orders for air-conditioner foil, which helped aluminum semis output hit a new record high in November.