On a month-on-month basis, China's aluminium production in March 2024 registered an increase of 6.66 per cent from 3.333 million tonnes. On an annual basis, the output edged a growth of 4.25 per cent from 3.41 million tonnes.
Despite the M-o-M increase in China's aluminium production in March, the domestic daily output stood flat at 114,900 tonnes, suggesting the fact that China's aluminium smelters' daily operating rate recorded no growth in March.
The share of aluminium liquid output rose by 9.6 per cent month-on-month and 1.4 per cent year-on-year to stand at 73.88 per cent. According to SMM aluminium liquid ratio data, the domestic aluminium ingot volume in March was down by 1.24 per cent year-on-year to 928,400 tonnes.
Japanese aluminium buyers recently agreed to pay premium above $170/t for Q3 shipments
