The coronavirus epidemic in Europe and America has been deteriorating recently, coupled with repeated delays in European and American automobile companies’ work resumption, including Fiat Chrysler Automobiles, Ford, General Motors, Volkswagen, it was said that there were no signs of resuming production by May.
Due to the suspension in the automobile industry, the demand for aluminum was seriously impacted since the industry was an important area of aluminum consumption. According to market participants, the sharp reduction in demand in the automobile market was the main reason for production cut and stop at many aluminum rolling mills and extrusion plants.
However, the aluminum supply side was relatively stable amid the deteriorating demand side. Only a few aluminum plants reduced their production, but the affected production capacity was not so much.
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