November 2011 | Base Metals
Our first take on China’s October base metals production data
Chinese production data was released by the NBS yesterday. We provide our initial thoughts on these numbers.
Chinese production data was released by the NBS yesterday. Here we briefly provide our initial thoughts on these numbers.
Aluminium – 1.414m tonnes, down 7.2% month-on-month and up 0.3% year-on-year. Dropped to the lowest level since February, as falling prices and tight power supplies (particularly within the southwest) result in decreased output and delays to ramping up new capacity. Falling aluminium prices continue to cut deeper into the...
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