SHANGHAI, May 25 (SMM) – The average operating rate at Chinese aluminum extruders is expected to fall another 7 percentage points from a year ago to 58% in May, Shanghai Metals Market foresees.
Despite interest rate cuts by the PBOC, it is still difficult for aluminum extruders to secure loans from banks, SMM has learned. This will undermine production at extrusions.
The average operating rate at 30 aluminum extruders in SMM’s survey sample was 56.7% in April, up 6.02 percentage points from March, but down 9.83 percentage points year-on-year.
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