Aluminum Ingots Price Would Back To Rise Trend Due To The Limitation Of Production Capacity
According to SMM, production cuts in Yunnan may exceed previous forecasts. The ratio of power cutting in Yunnan this time is based on the standard of 40%-42% of the total built capacity for load reduction. The first round of production reduction in September has completed 20%, and the remaining 20%-22% of production reduction should be completed this time. Based on this calculation, it is estimated that about 700,000-800,000 tons of electrolytic aluminum capacity will be involved in Yunnan again. Data shows that after the production limit in September, the current operating capacity of electrolytic aluminum in Yunnan region is 4.04 million tons. The second round of production cuts began last weekend and is expected to be in place within 10 days. Therefore, based on the average estimated number of days of operation and production cuts, Yunnan's operating capacity will fall back to about 3.2-3.3 million tons in February. According to this, the China's electrolytic aluminum operating capacity is expected to fall to about 39.6 million tons in March.
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