SHANGHAI, Aug. 21 (SMM) – Operating rates at Chinese aluminum extruders will extend July’s declines in August due to sluggish property and export market, Shanghai Metals Market foresees.
The average rate will be 54% for aluminum extruders, with 58% in industrial aluminum extrusion segment and 54% in construction aluminum extrusion segment, SMM’s aluminum research team said.
Operating rates averaged 56.01% in July at 30 Chinese aluminum extruders surveyed by SMM, down 3.34 percentage points year-on-year and 4.16 percentage points month-on-month.
Strong orders from railway sector allowed industrial aluminum extruders to run at 59.08% of their capacity.
Construction aluminum extruders, however, ran at just 55.65% of their capacity because of depressed real estate market and falling export orders from South America.
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