1. Text: | Print|

      Aluminum overcapacity deepens

      2013-12-18 11:12 China Daily Web Editor: qindexing
      1

      Even as one-fifth of the nation's electrolytic aluminum capacity lies idle, producers are adding new facilities - a combination that will mean a glut of the metal next year and falling prices, industry experts said on Tuesday.

      "China is facing severe overcapacity in the electrolytic aluminum sector, with a low utilization rate," said Wen Xianjun, deputy chairman of the China Nonferrous Metal Industry Association.

      The capacity utilization rate is about 78 to 80 percent at present, according to the association.

      Wen said that it's sometimes necessary to use "administrative measures" to limit new capacity.

      But at the moment, only Henan province has plans to cut capacity, while the Xinjiang Uygur autonomous region is rapidly adding capacity, according to Wan Ling, manager of China nonferrous metals at commodity data firm CRU International Ltd.

      She said that although China announced plans to slash capacity by 1.9 million metric tons this year, the reality was quite different.

      "Because of falling coal prices and electricity subsidies from local governments, the production cost for electrolytic aluminum is declining and capacity is still increasing," she said. "Many plants in Xinjiang and Gansu have been put into operation since September."

      Xinjiang has 3 million metric tons of capacity, and producers plan to take the total to 10 million tons.

      China's electrolytic aluminum production capacity will reach 32 million metric tons by the end of this year, according to Wen.

      He said that if the government can effectively control capacity expansion and eliminate 700,000 tons of current facilities, the problem might ease next year.

      However, Wan estimated that China will have 2 million tons of new capacity next year.

      "The new capacity far outstrips the reductions," she said.

      As China is adding capacity, international mining giants are shutting down plants because of rising costs and weak markets.

      In 2013, UC Rusal, the world's largest aluminum producer, shut 720,000 tons of capacity, which reduced its output by 320,000 tons. It is expected to eliminate another 300,000 tons of capacity in 2014.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 精品免费人成视频app| 视频免费1区二区三区| 免费一看一级毛片人| 亚洲人妖女同在线播放| **一级毛片免费完整视| 亚洲av日韩av不卡在线观看| 99久久99这里只有免费的精品| 精品亚洲成α人无码成α在线观看| 免费看一级一级人妻片| 最近2019中文字幕免费直播| 亚洲激情中文字幕| 在线美女免费观看网站h| 亚洲综合久久1区2区3区| 曰韩无码AV片免费播放不卡 | 日本xxxx色视频在线观看免费| 亚洲精品自在在线观看| 国产无遮挡无码视频免费软件| 最近中文字幕mv免费高清电影| 亚洲中文字幕一二三四区| 久久久免费精品re6| 亚洲成a人片在线观| 最近中文字幕无免费视频| 亚洲av永久无码天堂网| 亚洲а∨天堂久久精品| a视频免费在线观看| 亚洲精品国产啊女成拍色拍| 成人au免费视频影院| 美女免费视频一区二区三区| 中文字幕亚洲一区二区va在线| 国产成人精品无码免费看| 亚洲成a人片在线看| 亚洲国产高清精品线久久| 久久精品视频免费播放| 亚洲国产成人91精品| 国产一区二区三区免费在线观看| www一区二区www免费| 亚洲视频中文字幕在线| 日产乱码一卡二卡三免费| 爱丫爱丫影院在线观看免费| 亚洲 日韩 色 图网站| 久久久青草青青国产亚洲免观|