Chinese alumina and aluminum demand, output to rise further in 2021: survey

摘要

China's alumina and aluminum demand and output are expected to increase further in 2021, but an oversupply is likely to continue to weigh on domestic prices, according to an S&P Global Platts outlook survey. A majority 96% of the respondents to the Platts outlook had expected China's alumina demand to continue to rise in 2021, thanks to the increase in demand from China's primary aluminum smelters. Half of the market participants canvassed expected China's alumina prices in 2021 to be slightly higher than in 2020, while 46% believed prices may be little changed.