Chalco forecasts on China, global aluminium mkt

Aluminum Corp of China Ltd, the world's most valuable aluminium company, said China's aluminium sector will continue to face low profitability because of excess capacity and rising costs.

Following are Chalco's estimates for aluminium and alumina production and consumption data for China and the global market in 2011 （in million tonnes）:             

                                    2011      Pct Change on Yr

ALUMINIUM 

Global output                44.75         6.80 

Global consumption       43.24         5.50        

 China output                19.00        21.40 

China consumption        18.00        13.30 

LME price                      $2,300-$2,900/T    

China price                16,000-18,500 yuan/T 

Chalco output              4.03         4.86

ALUMINA 

Global output                87.75         6.70 

Global consumption       88.40         6.60 

China output                 33.20        14.70 

China consumption       37.10        17.80          

China imports                 4.00         N.A  

Global price                  $350-$430     N.A  

Domestic price             2,700-3,300 yuan/T 

Chalco output                 11.96        18.10