Automobile Sale Drops in July, Cast Aluminum Alloy Demand Faces Pressure

[China Aluminum Network] August 15, according to data from automobile industry association of China, automobile sale has dropped dramatically in July compared with that of last year. Under such circumstance, demand for cast aluminum alloy should be more or less dampened.

The data indicates that domestic automobile production and sale amount in July reaches 1,306,100 and 10,601,800 respectively decreasing by 9.96% and 11.91% from the previous month.

Because of the great sale efforts made by automobile dealers in June, June has seen increasing in automobile sale revenue. However, as July is a traditional sale off season, the dropping of automobile sale is reasonable.

SMM says that dramatically dropping of automobile sale will affect demand for cast aluminum alloy since nearly more than half of it focuses on automobile industry. Automobile sale depressions in the third quarter and production halt of some automobile markers have great effect to secondary aluminum enterprise.

It is hard to estimate whether automobile production and sale in August will recover, it is predicated to increase in September by that time, demand for cast aluminum alloy will improve.

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