SHANGHAI, Jun. 17 (SMM) – Utilization rate at 15 Chinese A356 aluminum alloy producers dropped slightly to 61.14% in May, Shanghai Metals Market survey finds.
The small decline in production, however, leaves the market still in slight surplus, SMM aluminum group says, which kept processing fees for A356 aluminum alloy in check.
Consumption in domestic market is expected to be restricted by limited growth expectation towards China’s automobile production and sales this year, SMM adds.
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