On September 26th, China's refined copper and primary aluminum production in September hit a record high, as new capacity continued to increase. As the world's largest consumer of aluminum alloy sheet and bar, China's high output may cut its import demand. According to data released by the National Bureau of Statistics of China on Tuesday, China's refined copper output in September increased by 7.4% from the previous month to 680,128 tons, defeating the record high of 654,803 tons in November 2013. “Compared with the first half of the year, more new capacity will be launched in the second half of the year... production will increase,” he added.
The National Bureau of Statistics also announced that China's primary aluminum production in August increased by 2.6% to 2.03 million tons in July, hitting a record high for the third consecutive month. China's primary aluminum production in August increased by 8.8% compared with the same period last year. From January to August 2014, China's primary aluminum production increased by 7.6% to 15.55 million tons. The analysts said that since May, China's aluminum smelter has restarted about 500,000 tons of idle aluminum capacity since May. Affected by the international market price trend, China's spot aluminum price rose to a 21-month high above 15,000 yuan per ton in early September. On Tuesday, aluminum prices were reported at 14,340 yuan per ton, still 7.8% higher than the end of May.
Since the beginning of this year, the spot price of refined nickel in China has risen by one-third, and the turnover on Tuesday was around 128,000 yuan per ton. As investors bet on the Indonesian ore export ban, production will decline. China's August lead production fell by 0.5% from the previous month to 347,838 tons.
Various specifications imported aluminum alloy, aviation aluminum alloy, aluminum alloy sheet, aluminum alloy rod