According to the Malay Mail, Malaysian Prime Minister Muhyiddin announced on the 10th that due to the increase in the number of new coronary pneumonia cases, the country will implement a nationwide blockade from May 12 to June 7. Except for emergencies, no cross-regional or cross-country operations
Over the weekend, Baotou issued a dual-control document on energy consumption and requested the shutdown of more than 100,000 tons of aluminum production capacity, so that Inner Mongolia’s cumulative planned production reduction has been close to 300,000 tons, follow-up attention to specific implementation.
long-term contradictions: the match between the imminent ceiling of domestic production capacity and the growth rate of consumption. short-term contradictions: Reduction of production in Inner Mongolia Smelting and depots in peak season. Our view : Last week, aluminum ingot inventory recorded 1.228 million tons, weekly accumulated 55,000 tons, the extent of accumulated significantly reduced. Processing Enterprises continue to resume the rate of recovery, but a slight slowdown in the speed of recovery, the rapid rise in aluminum prices to curb some of the downstream demand,