Mumbai (Commodities Control) - China’s primary aluminium output rose 5.23% year on year to 3.02 million mt in February (28 production days), showed a market survey.
As of early March, there was 39.68 million mt among 43.54 million mt per year of existing primary aluminium capacity in operation, while operating rates across Chinese primary aluminium producers stood at 91.1%.
As new aluminium projects continue to release output, market expects China’s primary aluminium output to stand at 3.34 million mt in March, while import at about 150,000 mt as the import arbitrage window opened in end February. Chinese aluminum social inventories are likely to stand at about 1.35 million mt at the end of March as downstream demand improves.
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