Home / Metal News / Operating rates across secondary aluminium producers higher in Oct

Operating rates across secondary aluminium producers higher in Oct

iconNov 19, 2019 16:11
Source:SMM
For Nov, greater impact of scrap shortfall amid low inventories will likely weigh on the rates

SHANGHAI, Oct 19 (SMM) – Chinese secondary aluminium producers continued to step up operation in October, as overall demand in the second half of the year improved from the first half. 

An SMM survey showed that operating rates across secondary aluminium producers in China rose to 61.52% in October. This was up 0.83 percentage point from September and up 4.71 percentage points from October 2018.

The rise in the operating rate, however, was capped as continued shortage of aluminium scrap affected production at some secondary smelters. 

For November, greater impact of scrap shortfall amid low inventories will likely weigh on the operating rates at secondary aluminium producers, despite expectations of stable downstream orders.

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news