China's Aluminum Industry Production Data for October 2024
Alumina Production
October output: 7.434 million tons, up 5.4% year-on-year.
Cumulative output (January–October): 70.69 million tons, up 2.9% year-on-year.
Primary Aluminum (Electrolytic Aluminum) Production
October output: 3.715 million tons, up 1.6% year-on-year.
Cumulative output (January–October):
To safeguard national strategic metal resources, promote high-quality development in the recycled metals industry, and further regulate the import management of recycled metal materials, six departments, including the Ministry of Ecology and Environment and the General Administration of Customs, jointly issued the “Announcement on Matters Concerning the Import Management of Recycled Copper and Copper Alloy Mate
【September China Primary Aluminum Output Preliminary Value: 3.5819 Million Tons, Up 1.49% Year-on-Year】
According to Mysteel's comprehensive survey of Chinese primary aluminum producers, the preliminary estimate for China’s primary aluminum output in September 2024 is 3.5819 million tons, a year-on-year increase of 1.49% but a month-on-month decrease of 2.85%. The average daily output for September was 119
Over the past month, industrial metals have not been the top choice for bullish capital, with confidence in long positions waning, leading to profit-taking and short-selling after rebounds to high levels. This partly explains why Shanghai aluminum (SHFE) faced repeated resistance around the 20,000 yuan/ton level, especially with positions decreasing during this rebound.
Since late August, prices of domestic and in
