|
|
| |
|
|
China metal imports will decelerate over the years-2017 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
10/10/2016 non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
BMI Research said that China¡¯s metal imports will decelerate over the years due to weakened demand from the country¡¯s slowing economy. According to BMI, China will account for only 22.8% of global bauxite output, compared to an estimated 55.7% and 53.4% of global refined aluminium production and consumption respectively in 2016.
Over the coming years, BMI said that Chinese aluminium production cuts will begin to relieve global market oversupply, as the country remains the key driver of both global supply and consumption.
BMI said that ¡°We expect China¡¯s aluminium exports to peak in 2016 on the back of announced output cuts. China¡¯s aluminium surplus will narrow considerably, falling from 2.2 million tonnes in 2016 to 1.0mnt by 2020.¡±
-2017 China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
|
|
|
|
|
