Expanding Aluminum Application Can Do Little to Lift Aluminum Prices-Shanghai Metals Market

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Expanding Aluminum Application Can Do Little to Lift Aluminum Prices

SMM Insight 10:33:01AM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) –

Expanding Aluminum Application Can Do Little to Lift Aluminum Prices
Chen Quanxun, General of the China Nonferrous Metals Industry Association (CNIA) proposed three major approaches to expanding aluminum application and promoting energy-saving and emissions-cut: replacing steel with aluminum in vehicles, substituting aluminum for copper in power industry and replacing wood with aluminum in furniture.

SMM understands that expanding aluminum application can boost demand for aluminum, but will have only marginal effect in lifting aluminum prices for the foreseeable future since aluminum capacity is now in severe surplus. 
 
China Imports 69,845 Mt of Unwrought Aluminum and Aluminum Semis in March
According to China Customs, China imported 69,845 mt of aluminum and aluminum semis in March, higher than February’s 45,478 mt. China also imported 200,000 mt of scrap aluminum in March, up from 160,000 mt in February.

China’s unwrought aluminum exports hit 50,671 mt in March, also up from 19,302 mt in the previous month.
 

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#1 Refined Cu
Oct.15
46985.0
-95.0
(-0.20%)
Aluminum Ingot
Oct.15
13770.0
-30.0
(-0.22%)
#1 Lead
Oct.15
16825.0
-25.0
(-0.15%)
0# Zinc
Oct.15
19110.0
40.0
(0.21%)
#1 Tin Ingot
Oct.15
137000.0
-1000.0
(-0.72%)

Expanding Aluminum Application Can Do Little to Lift Aluminum Prices

SMM Insight 10:33:01AM Apr 15, 2013 Source:SMM

SHANGHAI, Apr. 15 (SMM) –

Expanding Aluminum Application Can Do Little to Lift Aluminum Prices
Chen Quanxun, General of the China Nonferrous Metals Industry Association (CNIA) proposed three major approaches to expanding aluminum application and promoting energy-saving and emissions-cut: replacing steel with aluminum in vehicles, substituting aluminum for copper in power industry and replacing wood with aluminum in furniture.

SMM understands that expanding aluminum application can boost demand for aluminum, but will have only marginal effect in lifting aluminum prices for the foreseeable future since aluminum capacity is now in severe surplus. 
 
China Imports 69,845 Mt of Unwrought Aluminum and Aluminum Semis in March
According to China Customs, China imported 69,845 mt of aluminum and aluminum semis in March, higher than February’s 45,478 mt. China also imported 200,000 mt of scrap aluminum in March, up from 160,000 mt in February.

China’s unwrought aluminum exports hit 50,671 mt in March, also up from 19,302 mt in the previous month.