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在线翻译:
szdaily -> Business_Markets -> 
Smelters ramp up output as prices rallied
    2018-05-16  08:53    Shenzhen Daily

THE country’s aluminum production rose in April to its highest level on a daily basis since June, as higher aluminum prices encouraged smelters to ramp up output in their first full month after the end of winter restrictions.

Output in the world’s top producer rose by 1.1 percent to 2.77 million tons in April from a year earlier, according to data released by the National Bureau of Statistics yesterday.

That equates to 92,300 tons per day, the highest since June last year and up from 89,500 tons in March, which was one day longer, according to media calculations.

During this past winter, smelters in 28 cities in northern China were ordered to cut output by at least 30 percent to limit air pollution. The restrictions ended March 15.

Some smelters were hesitant about switching their pots back on straightaway due to low aluminum prices, high costs and a well-supplied Chinese market.

However, the United States imposed sanctions on Russian producer United Co. Rusal on April 6. That pushed up Shanghai aluminum prices by 4.8 percent last month, while London aluminum prices spiked by 12.5 percent on fears of a supply shortage.

The favorable price arbitrage kept Chinese aluminum exports buoyant despite the U.S. imposing a 10-percent tariff on aluminum imports in March.

(SD-Agencies)

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