AM Statistics: Chinese secondary aluminum alloy output up by 5.4% MOM in January
2016-02-04 10:21:05 [Print]
BEIJING (Asian Metal) 4 Feb 16 - According to Asian Metal Database, Chinese secondary aluminum alloy output edged up to around 327,000t in January, an increase of 5.4% MOM and 10.9% YOY. Chinese total secondary aluminum alloy output stood at around 3.35 million tonnes in 2015.
Chinese secondary aluminum alloy ingot output by month (1,000t)
The above graph shows that secondary aluminum alloy output picked up in January. Firstly, it is the bullish season for downstream auto industry in January and their purchasing volumes for secondary aluminum alloy inched up. Secondly, most secondary aluminum alloy plants will make repairs in the first half of February and they increased the output in order to have more stocks for regular customers during the maintenance period. Besides, the die-casting plants made replenishments actively before the Spring Festival. Therefore, the output for secondary aluminum alloy soared in January.
Guangdong produced about 81,000t of secondary aluminum alloy in January, up by 6.3% MOM due to the active demand from downstream buyers. The province ranks first among other provinces and its output accounts for about 25% of the total output. Jiangsu’s secondary aluminum alloy output moved up by 2.2% MOM to roughly 52,000t in January, ranking second and covering around 15.8% of the total output. The details are showed as follows:
Chinese secondary aluminum alloy ingot output by province by month (1,000t)
Asian Metal predicts that secondary aluminum alloy output will see some decrease in February. Firstly, downstream buyers will return to the market in the second half of February and they will be in no hurry to purchase as they have added stocks before the Spring Festival. Secondly, most secondary aluminum alloy plants will take maintenance in February and the operating rate may go down accordingly. Hence, the output for secondary aluminum alloy will drop in February.
Chinese secondary aluminum alloy ingot output by month (1,000t)
The above graph shows that secondary aluminum alloy output picked up in January. Firstly, it is the bullish season for downstream auto industry in January and their purchasing volumes for secondary aluminum alloy inched up. Secondly, most secondary aluminum alloy plants will make repairs in the first half of February and they increased the output in order to have more stocks for regular customers during the maintenance period. Besides, the die-casting plants made replenishments actively before the Spring Festival. Therefore, the output for secondary aluminum alloy soared in January.
Guangdong produced about 81,000t of secondary aluminum alloy in January, up by 6.3% MOM due to the active demand from downstream buyers. The province ranks first among other provinces and its output accounts for about 25% of the total output. Jiangsu’s secondary aluminum alloy output moved up by 2.2% MOM to roughly 52,000t in January, ranking second and covering around 15.8% of the total output. The details are showed as follows:
Chinese secondary aluminum alloy ingot output by province by month (1,000t)
Asian Metal predicts that secondary aluminum alloy output will see some decrease in February. Firstly, downstream buyers will return to the market in the second half of February and they will be in no hurry to purchase as they have added stocks before the Spring Festival. Secondly, most secondary aluminum alloy plants will take maintenance in February and the operating rate may go down accordingly. Hence, the output for secondary aluminum alloy will drop in February.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' sales to production ratio statistics by province by month
Unit: %
