Aluminium demand picks up in China with improved domestic macro-economy

Demand for aluminium has gradually picked up in China along with improved domestic macro-economy. Especially in domestic real estate market, the sales volume and selling price of apartment and house have rebounded. Domestic aluminium price has declined significantly. There is an expectation that production cut of high-cost capacity will happen again in domestic aluminium smelting sector in the coming months, which will further ease the surplus on domestic aluminium market.

According to China Nonferrous Metals Industry Association (CNIA) China’s consumption in 2015 is forecast to grow at a lower rate than previous years, at 6 per cent, facilitating 25.5Mt of consumption. Demand will continue to be underpinned by consumer durables and the automotive industry. World aluminium consumption is projected to increase at an average annual rate of 3.1 per cent to total 59.9Mtin 2020.

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