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Alcoa’s Aluminum Products Output Down in 4Q 2012
Jan 9,2013 16:58CST
smm insight
Source:SMM
According to Alcoa’s Q4 earnings report, the company produced 4.08 million mt of alumina in the fourth quarter of 2012, down 2.4% YoY.

SHANGHAI, Jan. 9 (SMM) – According to Alcoa’s Q4 earnings report, the company produced 4.08 million mt of alumina in the fourth quarter of 2012, down 2.4% YoY, and sold 2.44 million mt of alumina, accounting for 59.8% of its output. Total sales revenues of alumina hit USD 190 million in 2012. Alcoa’s aluminum output declined 5.2% YoY to 912,000 mt in Q4.

Alcoa anticipates that pricing for 48% of its alumina to be sold in Q1 2013 will follow a 30-day lag to Alumina Price Index or spot alumina prices. The drop in alumina output and sales is expected to amount to 90,000 mt in 1Q 2013. Pricing of aluminum will follow a 15-day lag to LME aluminum prices. Aluminum output and sales will decline by a combined 20,000 mt. The company expects that prebaked anode prices will maintain the current levels in Q1.

The aluminum giant paints a rosy picture of airspace aluminum extrusion market in the first quarter this year and predicts that demand for heavy truck aluminum plate in North America and Europe will grow somewhat. Construction of non-residential properties will slow in Europe and consumption of construction aluminum extrusion will enter low-demand season in North America.
 

Alcoa
alumina
aluminum
2013

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