In the first quarter, China’s aluminum bar production increased by 13.49% year on year to 3.58 million tons. Meanwhile, the inventory of aluminum bars increased first and then declined. As of the end of March, the stocks of aluminum bars totaled 179,000 tons.
Regarding outlooks in the second quarter, the production would maintain high, and aluminum bar supply might exceed demand. Also, the exports might weaken. The performance of aluminum bar consumption would depend on the aluminum price and the real estate industry.
China's aluminum rod market outlook in Q2 2023
14 Apr 2023 17:19 reported by Ferguson Zhang
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