China March aluminium output drops to lowest daily rate since Oct

China's aluminium production fell 3.6 per cent on a daily basis in March from the previous two months to its lowest rate since October, according to calculations based on official data, pressured by winter curbs on industry and low prices for the metal.[BEIJING] China's aluminium production fell 3.

The March number works out at around 92,900 tonnes per day, according to Reuters calculations, down from around 96,400 tonnes per day in January-February and the lowest daily rate since around 87,600 tonnes per day in October. Environment-related winter curbs on industrial output, including aluminium, in northern China ended in the middle of March, although some had expired at the end of January. It can take several months for smelters to ramp up to full output after switching their pots back on.

For Chinese smelters, such a price would be much preferable to levels of around 13,500 yuan a tonne seen for much of the first quarter, Ms Wang said, noting that signs of progress in the US-China trade talks and the arrival of the second quarter, China's peak aluminium demand season, had boosted sentiment.China's aluminium exports last month rebounded from a two-year low in February to 546,000 tonnes, their second-highest level on record.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China March new home prices rise 0.6% month on month, quickening from Feb[BEIJING] China's new home prices in March rose 0.6 per cent from a month earlier, accelerating from 0.5 per cent growth in February, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

China March crude steel output rose 10% year on year on eased anti-smog curbs[BEIJING] China's crude steel output grew 10 per cent in March compared with the same month a year ago as mills ramped up operations amid a profit margin recovery and less stringent curbs on production in the country's anti-smog crackdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore's new private home sales, launches up in MarchDEVELOPERS in Singapore sold 1,054 private homes in March, up from the 455 units they moved in February, and 47 per cent higher than the 716 units they sold in the corresponding month a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singaporeans' inflation expectations stay benign in March: pollSINGAPOREANS generally expect overall consumer prices and core inflation - that is, price hikes outside of housing and private transport - to remain largely stable over the next 12 months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »