IN 1Q20, ALUMINIUM SALES AMOUNTED TO 914 THOUSAND TONNES
* IN 1Q20, BAUXITE PRODUCTION DECREASED BY 11.2% QOQ, TO 3,577 THOUSAND TONNES
* ALUMINIUM PRODUCTION IN 1Q20 TOTALED 940 THOUSAND TONNES, DOWN 0.9% QOQ
* IN 1Q20, AVERAGE ALUMINIUM REALIZED PRICE DECREASED BY 0.5% QOQ TO USD1,864/T
* IN 1Q20, TOTAL ALUMINA PRODUCTION SLIGHTLY DECREASED BY 1.8% QOQ, TO 2,013 THOUSAND TONNES.
EXPECTED PRIMARY ALUMINIUM WILL GAIN SOME SHARE FROM SCRAP THIS YEAR
* “CURRENT PRICE ENVIRONMENT IS PREFERENTIAL FOR PRIMARY ALUMINIUM COMPARED TO SCRAP”
* IN 1Q20, GLOBAL PRIMARY ALUMINIUM DEMAND DECREASED BY 6.4% TO 14.43 MILLION TONNES
* EXPECTED COVID-19 WILL NEGATIVELY AFFECT GLOBAL ALUMINUM MARKET IN 2020 WITH GREATER SUPPLY SURPLUS & WEAKER CONSUMER DEMAND
* “ALUMINIUM END-USER DEMAND FROM TRANSPORT AND CONSTRUCTION TO PACKAGING AND CONSUMER INDUSTRIES IS EXPECTED TO DECREASE IN 2020”
* IN 1Q20, CHINESE PRIMARY ALUMINIUM DEMAND DECREASED BY 6.3% TO 7.83 MILLION TONNES
* DESPITE ECONOMIC TURBULENCE DURING FIRST 3 MONTHS OF YEAR, CO DEMONSTRATING ROBUST PERFORMANCE Source text for Eikon: Further company coverage: