<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Economy

          Price dips may cut aluminum output

          By Glenys Sim (China Daily)
          Updated: 2010-06-23 09:37
          Large Medium Small

          SINGAPORE - Chinese aluminum producers may cut output from a record if the current price slump persists and after the world's third-largest economy signaled an end to its currency's fixed rate to the dollar.

          China, the world's largest maker of the metal, produced 1.416 million metric tons in May, the highest monthly total ever, said China International Futures (Shanghai) Co analyst Wang Zhouyi, as higher power costs were offset by falling prices of alumina, the raw material used to make aluminum.

          Aluminum prices in Shanghai have tumbled 15 percent this year, while London Metal Exchange prices dropped 12 percent, on concern that Europe's debt crisis will slow the global recovery and China's curbs on lending will cool demand. The average cost of aluminum production in China is 15,300 yuan ($2,247) a ton, according to CRU International Ltd. That compares with Tuesday's Shanghai Futures Exchange price of 14,845 yuan a ton.

          "We will see production curtailments in China unless the government rescues them, and the rhetoric from the government up till now has been precisely the opposite," said Alan Heap, managing director of global commodity analysis at Citigroup Inc.

          An appreciation of the Chinese currency will put "further upward pressure" on costs, said Heap.

          The People's Bank of China said on June 19 it will allow greater "flexibility" in its currency, signaling it would abandon the 6.83 yuan peg to the dollar adopted during the global crisis to shield exporters. The central bank ruled out "large changes" in the exchange rate and said it will prevent "excessive" moves.

          'Little upside'

          "Exports are expected to increase if production continues to rise," said China International's Wang. "However, a stronger yuan will hurt exporters, so there's little upside for the aluminum industry at the moment."

          China, also the world's largest user of the metal used in cars and airplanes, resumed being a net importer in May, according to data from the Beijing-based Customs General Administration.

          In April, it exported more aluminum than it imported for the first time since the end of 2008 as supply outpaced demand.

          "These sort of circumstances, where the prices fall to the global industry average cash cost, that's what you see in a full-on global recession," Citigroup's Heap said in a phone interview from Sydney. "So the aluminum industry is telling us the world is in economic recession, which I don't think it is. Output cuts will protect the downside."

          There's little evidence of output cuts so far, even though more than 40 percent of the Chinese aluminum industry is incurring losses, Barclays Capital said on Monday.

          Power costs

          Related readings:
          Price dips may cut aluminum output Aluminum firm seeks support in US dumping row
          Price dips may cut aluminum output China may add aluminum capacity on lower costs
          Price dips may cut aluminum output Shandong Nanshan Aluminum 2009 net profit up 14%
          Price dips may cut aluminum output Power cuts take sheen off aluminum producers

          Price dips may cut aluminum output China's 2009 aluminum consumption may rise 12%: Minmetals

          The Chinese government last month ended discounts on electricity charges and doubled surcharges for high-consumption companies. CRU International expects 1.3 million tons of capacity in the country to be affected by the surcharge. Energy represents as much as half the cost of producing aluminum.

          "It's unprofitable to make aluminum, but it will cost producers even more to stop making it, so unless the price holds below the cost of production in the next few months, it's unlikely we'll see output fall," said Wang.

          Bloomberg News

          主站蜘蛛池模板: 亚洲精品国产一区二区三区在线观看| 亚洲最大成人免费av| 精品偷自拍另类在线观看| 亚洲成av人片色午夜乱码| 92精品国产自产在线观看481页| 国产成人免费高清激情视频| 亚洲精品一区二区三区色| 国产成人免费高清激情视频| 丝袜美腿亚洲综合第一页| 激情五月日韩中文字幕| 国产地址二永久伊甸园| 亚洲欧美日韩第一页| 色狠狠色噜噜AV一区| 深夜精品免费在线观看| 久久久精品免费国产四虎| 日韩人妻精品中文字幕| 欧美性巨大╳╳╳╳╳高跟鞋| 国产不卡一区二区三区视频| 九九热精品免费视频| 97国产揄拍国产精品人妻| 亚洲色无码播放亚洲成av| 蜜桃av多人一区二区三区| 激情 自拍 另类 亚洲| 国产精品无码久久AV嫩草| 中文字幕日韩精品有码| 国内自拍视频一区二区三区| 极品白嫩少妇无套内谢| 欧美视频在线观看第一页| 国产日韩一区二区在线看| 姝姝窝人体色WWW在线观看| 亚洲自拍偷拍一区二区三区| 成年午夜免费韩国做受视频 | 欧美、另类亚洲日本一区二区| 国产一区二区三中文字幕| 无码中文字幕乱在线观看| 国产黄色一区二区三区四区| 精品午夜福利在线视在亚洲| 欧美做受视频播放| 国产精品三级爽片免费看| 一区二区中文字幕久久| 国产伦精品一区二区三区妓女|