SMM Summit 2016: China Aluminum Supply to Shift into Surplus in 2017

Published: Nov 15, 2016 15:01
Aluminum supply in China will shift from deficit into surplus in 2017, SMM aluminum analyst said at SMM 2016 China Metals Summit (CMS) in Shanghai from Nov. 10-11.

SHANGHAI, Nov. 15 (SMM) – Aluminum supply in China will shift from deficit into surplus in 2017, SMM aluminum analyst said at SMM 2016 China Metals Summit (CMS) in Shanghai from Nov. 10-11.

China’s actual aluminum consumption will grow 8.93% in 2016, 0.56 percentage point higher than in 2015, but the growth will slow down to 6.09% in 2017, SMM predicts. 

Collections of Stories in Base Metal Market at SMM 2016 Annual Summit
China’s aluminum output will grow 3.99% in 2016, 6.32 percentage points lower than in 2015, but the growth will pick up to 10.06% in 2017, SMM expects. 

SMM Summit 2016: China Aluminum Stocks to Rebound Rapidly in 2017 from Record Lows in 2016

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.
 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Ex-China Capacity Gradually Recovers; China Destocking Expansion Supports Aluminum Price Bottom [SMM Aluminum Morning Meeting Summary]
13 mins ago
Ex-China Capacity Gradually Recovers; China Destocking Expansion Supports Aluminum Price Bottom [SMM Aluminum Morning Meeting Summary]
Read More
Ex-China Capacity Gradually Recovers; China Destocking Expansion Supports Aluminum Price Bottom [SMM Aluminum Morning Meeting Summary]
Ex-China Capacity Gradually Recovers; China Destocking Expansion Supports Aluminum Price Bottom [SMM Aluminum Morning Meeting Summary]
[Aluminum capacity outside China gradually recovers; expanding destocking in China supports aluminum price bottom] Overall, aluminum prices are expected to consolidate at highs in the short term.
13 mins ago
Canadian Aluminum Processors Warn of Survival Threat from New US Tariffs
18 mins ago
Canadian Aluminum Processors Warn of Survival Threat from New US Tariffs
Read More
Canadian Aluminum Processors Warn of Survival Threat from New US Tariffs
Canadian Aluminum Processors Warn of Survival Threat from New US Tariffs
Foreign media reported on September 17 that Canadian aluminum products processors have issued a warning that the latest US tariff measures are seriously threatening their survival in the US market. The White House released the latest trade tariff details on September 8, canceling some tariff exemption rights for aluminum products and imposing an additional 50% tariff on related aluminum semis. Combined with the original 50% base tariff, the comprehensive tax rate on some Canadian aluminum products imported into the US has directly climbed to 100%. This means that the competitiveness of Canadian manufactured goods in the US market will decline significantly, and their US sales face the risk of disappearing. For Canadian manufacturers that rely heavily on US clients, this change has already directly affected their export plans.
18 mins ago
Futures bulls' momentum recovers, aluminum scrap supply disruptions intensify [SMM Cast Aluminum Alloy Morning Comment]
42 mins ago
Futures bulls' momentum recovers, aluminum scrap supply disruptions intensify [SMM Cast Aluminum Alloy Morning Comment]
Read More
Futures bulls' momentum recovers, aluminum scrap supply disruptions intensify [SMM Cast Aluminum Alloy Morning Comment]
Futures bulls' momentum recovers, aluminum scrap supply disruptions intensify [SMM Cast Aluminum Alloy Morning Comment]
[SMM cast aluminum alloy morning comment: Futures bulls' momentum recovers, aluminum scrap supply disruptions intensify] Overnight, the aluminum alloy 2611 contract opened at 23,550 yuan/mt in the night session, quickly shot up to 23,825 yuan/mt after the open, then pulled back slightly to a low of 23,505, overall continuing to consolidate at highs. The night session closed at 23,770 yuan/mt, up...
42 mins ago