As of February 2025, according to Mysteel research, the effective construction capacity of domestic aluminum rods in the current period is 30.95 million tons, and there are no new projects completed and put into operation during the month.
In terms of production capacity operation, according to Mysteel statistics, in February 2025, the monthly operating capacity of domestic aluminum rods was 15.72 million tons, down 5.92% from the previous month, and the monthly capacity utilization rate was 50.79%, down 3.2 percentage points from the previous month. The factors of reducing production during the Spring Festival holiday and slightly fewer actual production days in February led to a decline in operating capacity in the month.
From a regional point of view, in addition to a slight increase in the operating capacity of individual regions in the month, most provinces showed a decline of different magnitudes, of which, the average monthly decline in the northern region was 5.31%, while the average monthly decline in the southern region was 7.22%.
yield
According to Mysteel statistics, domestic aluminum rod production in February 2025 was 1,275,500 tons, a month-on-month decrease of 6.39% and a year-on-year increase of 7.59%.
Picture data source: steel link data
Since the Spring Festival holiday this year is in the cycle period at the end of January and the beginning of February, although some enterprises started the operation of reducing and stopping in January, temporary production adjustments during the holiday have also occurred, and after the holiday, manufacturers resumed production and incremental nodes are slightly different, coupled with the actual output days of the month mentioned above, resulting in the overall output is still reduced.
depot
As of the end of February 2025, according to Mysteel statistics, the inventory of finished products in the factory of China's aluminum rod production enterprises was 336,100 tons, which was slightly reduced compared with the end of January.
Since early January, the domestic aluminum rod factory warehouse has gradually opened the accumulation mode, and by early February, the factory warehouse climbed to more than 500,000 tons, and then, with the market restarting, the spot trading circulation resumed, and the quantification of the factory warehouse was also able to enter the channel of inventory reduction.
In the peak period, according to regional classification statistics, the overall plant inventory in the northern region reached more than 330,000 tons, while the quantification of plant inventory in the southern region was more than 160,000 tons. From the perspective of the progress of inventory reduction after the holiday, the current plant inventory in the northern region still has more than 260,000 tons, and the southern plant inventory is less than 80,000 tons, and the reduction efficiency in the South is significantly faster than that in the north. On the other hand, there are differences in transportation modes.
outlook
In February, the rod factory gradually got rid of the interference factors of the holiday, although there are still some enterprises have not adjusted to normal operation, but the manufacturers that have stopped production during the holiday have basically completed the operation of resuming production.
In March, the production momentum of the rod plant continues to advance, and the output will also reverse and increase, and the monthly production is expected to return to the 1.4 million tons point.
