Yadelin Science and Technology to build 100,000 mt aluminium alloy capacity

This is a roundup of China's metals weekly inventory as of July 2.

Operating rates of major aluminium processors dropped 0.6 percentage point last week, mainly due to decline in operating rates of primary and secondary aluminium alloy enterprises.

Volkswagen announced in March that it had cut production by more than 100,000 vehicles in January and February due to the lack of chips. Honda Motor announced that its Mexican plant would cease production from March 18. General Motors announced the temporary closure of its plant in Lansing, Michigan, and it was expected that it would not restart operations before April this year.

A 4,000 mt/year precision aluminium alloy component project of Chongqing Hanlir Machinery Manufacturing will come online soon as the Environmental Impact Assessment report for the project has been approved and published by the government of Jiangjin District, Chongqing on April 29 to seek public comment.

The project has an annualised capacity of 150,000 mt

The project is designed with an annualised capacity of 20,000 mt

China’s exports of unwrought aluminium alloy declined 22.3% from Jun to 39,500 mt in Jul

Phase-one capacity of 100,000 mt will come online in 2020

Capacity of the 92 electrolytic baths totals 125,000 mt

Spot discounts in Shanghai stood at 80-70 yuan/mt against the SHFE 1903 contract