日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Aluminum smelters shutter capacity

(Agencies) Updated: 2015-12-12 11:08

Aluminum smelters shutter capacity

High-end aluminum alloy wheels produced at a mill in Zouping, Shandong province. Chinese smelters pledged on Friday to halt new mills and keep unused operations closed. [Photo/China Daily]

Aluminum smelters in China pledged on Friday to halt new mills and keep idled capacity closed, in a statement that stopped short of the specific targets set by top producer China Hongqiao Group Co and other metals producers to cut capacity or output.

The smelters, representing three-quarters of the country's capacity, will increase "production flexibility", the China Nonferrous Metals Industry Association said in a statement posted on its website. The move follows a gathering on Thursday to discuss measures to counter the lowest aluminum price in six years. The statement did not name the producers.

"If that is all we have got, it is as vague as you could possibly be, which puts a big question mark over it," Daniel Hynes, senior commodities strategist at Australia & New Zealand Banking Group Ltd, said by phone from Sydney. "Even with figures in them, the announcements so far have been a bit dubious, but when there is nothing to hang your hat on it is even more so."

Hongqiao, which is one of the 14 smelters meeting in the southwestern city of Kunming, capital city of Yunnan province, released its own statement on Thursday pledging capacity cuts of 250,000 metric tons beginning immediately. Copper, nickel and zinc smelters have recently all met and announced production cuts, as China's metals industry seeks to navigate the slowest economic growth in a generation.

The smelters' statement on Friday said that earlier measures had to a certain extent eased oversupply and reduced inventories. The total idled capacity of primary aluminum production in China has reached 4.41 million tons and is expected to increase to about 4.91 million tons by the end of the year, according to the statement.

The statement did not say whether it had included Hongqiao's cuts, nor where the extra 500,000 tons would come from. Idled capacity of alumina would be more than 7 million tons, it said, without giving a previous figure.

"Other important matters" on which "a high level of consensus" was reached were also discussed at the meeting, the statement said, without elaborating.

Aluminum for delivery in three months on the London Metal Exchange rose 0.5 percent to $1,499 a ton in afternoon trade in Shanghai, reversing an earlier loss. The metal has fallen 23 percent in the past year as a supply glut in China, which accounts for 40 percent of global output, overwhelms demand.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美自拍偷拍第一页 | 欧美野战 | 爱操在线 | 欧美三级视频在线播放 | 黄色一级片免费看 | 国产成人精品白浆久久69 | 国产黄色在线看 | 亚洲图片在线视频 | 免费福利视频在线观看 | 久草新在线 | 亚洲免费小视频 | 国产精品爽爽久久久久久 | 欧美成人精品欧美一级私黄 | 久久美剧 | 一级片视频免费看 | 久久视频中文字幕 | 久操热 | 黄色网址在线视频 | www.欧美 | 天天爽夜夜爽人人爽 | 中文字幕在线观看一区二区三区 | 免费成人小视频 | 欧美国产三级 | 免费黄色一级片 | 91精品国产综合久久香蕉922 | 亚洲三级精品 | 欧美激情四区 | 欧美日本久久 | 黄色片网站在线播放 | 成人免费超碰 | 国内精品久久久久久久 | 日本一区二区三区在线观看视频 | 麻豆久久久久久久 | 一区二区三区日韩欧美 | 麻豆视频免费在线播放 | 四虎网站在线观看 | 国产精品50页 | 亚洲色图88 | 国产第5页 | 久久激情免费视频 | 中文字幕一区三区 |