From January to May, China produced 8.73Mt of primary metal, up 8.25% on the same period last year, with Xinjiang’s five-month production up a staggering 185%, followed, not even closely, by Guangxi with 40%, Shaanxi (34%) and Guizhou (32.62%).
Chinese exports of primary aluminium for the period were 45.8Mt (a decline of 11.6%) while imports year-on-year declined by nearly 70% to 81kt.
May’s primary metal imports increased by 55.5% to 21.8kt.
Over the five-month period, semis production reached 14.6Mt, up 23.5% year-on-year compared with 14.6% growth in 2012. Exports of semis, however, were flat – up 6.45% to 1.21Mt. Expansion of semis production is unlikely to be sustained for 2013 and local demand for aluminium will grow by 10% for the entire year.
The Chinese construction industry, which normally accounts for 35% of total aluminium consumption, showed some improvement. National Bureau of Statistics figures revealed that real estate development increased by 20% year-on-year over the five-year period and that growth was up by 4.4% when compared with the whole of 2012.
The China Association of Automobile Manufacturers claims that car production for the January to May period was up by 13.4% compared with the same period in 2012.
Source: China Metals.