Aluminium Plate/Sheet And Strip Companies Lowered Operating Rates Due to Poor Orders

The average operating rate of domestic aluminium plate/sheet and strip producers stood at 65.83% in April, down 1.90 percentage points MoM and 10.87 percentage points YoY.

Despite the peak season in April, many aluminium plate/sheet and strip producers reported that the number of new orders decreased compared with March. Most of the companies' new orders and backlog orders have declined significantly, and some companies lowered their operating rates against poor profit. Some even shut down in April.

At the same time, aluminium prices fell for several consecutive days at the end of April, and the enthusiasm of downstream customers to take deliveries was weak. Some companies whose main products were regular plate/sheet reported that their finished product inventories increased. At present, the pessimism prevails in the aluminium plate/sheet and strip market.

Many industry players believe that the peak season in the first half of the year has ended, and the signal of a sharp improvement in demand is far away. The operating rates may further decline in May.

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