China Aluminum Market to Reach Balance in 2019, SMM Predicts-Shanghai Metals Market

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China Aluminum Market to Reach Balance in 2019, SMM Predicts

SMM Insight 10:09:53AM Jun 27, 2017 Source:SMM

SHANGHAI, Jun. 27 (SMM) – China’s aluminum market might enter a supply & demand balance by 2019 under optimistic forecast, SMM expects.

At present, the amount of aluminum capacity in operation, legal aluminum capacity waiting to come on stream and aluminum capacity to be restarted total about 41 million tonnes, SMM estimates. China’s aluminum consumption was 32.5 million tonnes, SMM data showed. 

Will Widening Aluminum Price Gap between Guangdong and Shanghai Offer Arbitrage Room? SMM Reports

Assuming aluminum consumption growing at an annual average rate of 8.5%, the market could reach a balance by 2019.  

MIIT Brings Major Chinese Aluminum Smelters and CNIA Together to Discuss Industry Issues

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

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Aluminum Ingot
Dec.06
14070.0
-60.0
(-0.42%)
Aluminum Ingot - Fo Shan
Dec.06
14060.0
-70.0
(-0.50%)
Aluminum Ingot - Wu Xi
Dec.06
14060.0
-60.0
(-0.42%)
Aluminum Ingot - Hang Zhou
Dec.06
14105.0
-25.0
(-0.18%)
Aluminum Ingot - Chong Qing
Dec.06
14060.0
-60.0
(-0.42%)

China Aluminum Market to Reach Balance in 2019, SMM Predicts

SMM Insight 10:09:53AM Jun 27, 2017 Source:SMM

SHANGHAI, Jun. 27 (SMM) – China’s aluminum market might enter a supply & demand balance by 2019 under optimistic forecast, SMM expects.

At present, the amount of aluminum capacity in operation, legal aluminum capacity waiting to come on stream and aluminum capacity to be restarted total about 41 million tonnes, SMM estimates. China’s aluminum consumption was 32.5 million tonnes, SMM data showed. 

Will Widening Aluminum Price Gap between Guangdong and Shanghai Offer Arbitrage Room? SMM Reports

Assuming aluminum consumption growing at an annual average rate of 8.5%, the market could reach a balance by 2019.  

MIIT Brings Major Chinese Aluminum Smelters and CNIA Together to Discuss Industry Issues

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