Alumina production growth reaches 15.3% in the first quarter

The national bureau of statistics latest data show the April 15, 4.8 million tons of alumina production in March, up 15.4% from a year earlier. 1-13.97 million tons of alumina production in March, up 15.3% from a year earlier. Analysts said this year will be the height of new capacity of alumina production, production capacity of 5 million tons, 3.4 million tons of growth of 47% year on year.

Beginning in the second half of 2014, the electrolytic aluminum demand growth faster than the alumina supply growth, domestic alumina supply tight, alumina new capacity greatly increased this year. Analysts expect 2015 or new electrolytic aluminium production capacity of the last peak, new electrolytic aluminium production capacity is expected to be 4.6 million tons this year, is expected to drop to 3.5 million tons in 2016, with electrolytic aluminium new capacity limits, alumina new capacity will gradually slow down.

According to the Shanghai non-ferrous nets, according to 2014 Chinese alumina production is 51.61 million tons, 10.7% increase over last year. Especially since the second half of 2014, with new capacity increase of electrolyzed, alumina is new demand, on the one hand, the new alumina production release, on the other hand, some enterprises to restore previous spare capacity. As the electrolytic aluminium production slowdown, and real estate the reduction in demand, analysts expect the future growth of alumina production will drop to 5%.

Alumina prices continue to is restricted by electrolytic aluminium prices, the current prices remain low, and analysts think in the first half of the alumina prices is not big, electrolytic aluminium enterprises loss sustained, the alumina stock cycle is shorten, and the increment of alumina than expected, these stocks will suppress the alumina price. As the second half of the new electrolytic aluminium production capacity, delivery, the downstream demand is expected to support the alumina price.