A Glimpse of Price Trend of Aluminum Ingot
Aluminum prices bottomed out in 2018, hovering at year-round lows, with a range of 13,450-15,000 yuan/ton. In the first nine months, the price of aluminium was running in a “W” trend, and in the fourth quarter, the price of aluminium dropped significantly.
In the first half of 2019, the price of aluminium was generally inverted “V” operation. The low oscillation in January lasted until before and after the Spring Festival. After the first ten days of February, the price of aluminium ingots began to rise. After a slight decline in late March, the price of aluminium ingots continued to rise in mid-April, breaking through the 14000, 14100, 14200 and 14300 levels continuously. At the end of May, the price of aluminium ingots reached its peak in the year and fell in June. On July 3, the price of aluminium stopped falling and rose, opening up the mode of shock and attack.
According to the data of business associations, the average price of aluminium (99.70) market as of August 13 was 14260 yuan/ton, up 5.84% compared with the average price of 13473.33 yuan/ton at the beginning of the year (January 1); the trough value of 13223.33 yuan/ton (January 15), up 7.84%; the peak value of 14383.33 yuan/ton (May 15) fell 0.72%; and from the beginning of 2019 to the beginning of 2019. The current interval amplitude is 8.61%.
Aluminum ingot prices jumped 2% this week.
Aluminum ingots, with an annual amplitude of only 8.61%, have risen by 2% this week. According to data from business associations, the average market price of aluminium (99.70) on August 13 was 14,260 yuan/ton, up 2.20% from the average market price of 13,953.33 yuan/ton at the beginning of the week (10 August); it is reported that the market price of aluminium ingots began to rise in the afternoon of 12 August, with a daily increase of 2.08% as of the afternoon of 13 August.
Expected Enhancement of Price Bottom of Alumina Raw Material
1. China’s domestic bauxite consumption declined in July
According to relevant data, China’s domestic bauxite consumption in July was about 7.07 million tons, a decrease of about 3.0% annually, and a decrease of about 12.2% year on year. From January to July 2019, China’s domestic bauxite consumption totaled about 54.2 million tons, a decrease of about 5.0% over the same period last year.
The data show that the consumption of domestic bauxite in Shanxi in July is about 3.27 million tons, which is about 2.7% lower than that in the previous year; the consumption of domestic bauxite in Henan is about 1.38 million tons, which is flat; the consumption in Guangxi is about 1.23 million tons, which is about 3.2% lower than that in the previous year; and the consumption in Guizhou is about 830,000 tons, which is about 3.5% lower than that in the previous year.
2. Increased reduction in alumina production in July
Affected by the persistent decline of alumina price in the early stage, the loss of alumina enterprises in northern China intensified in July, and the reduction of production of alumina enterprises in Shanxi and Henan increased. It is reported that the production line of Xing’an Chemical Alumina in Xiaoyi, Shanxi Province has been repaired since July 20, involving a capacity of 1 million tons per year for about 30 days; Huaxing Aluminum Industry in Shanxi Province has reduced its roasting capacity by 300,000 tons per year; and Sino-Aluminum Mining Industry has reduced its roasting capacity by 200,000 tons per year due to environmental problems. It is estimated that the total affected capacity will be about 1.5 million tons per year. In addition, during the 2nd National Youth Games in Xiaoyi City (August 8 – August 20), Xiaoyi related enterprises organized staggered peak production, and alumina enterprises are expected to limit production by 50%. Recently, the domestic market is expected to strengthen the bottom of alumina prices.
| Benzalkonium chloride |
Smooth operation of downstream aluminium export for half a year
1. A Survey of Export Data of Aluminum Materials
According to customs statistics, China exported 487,000 tons of unwrought rolled aluminium and aluminium materials in July and 3.47 million tons in January-July, an increase of 7.4% compared with 3.23 million tons in the same period last year.
2. Domestic aluminium production (semi-annual data) declined year on year
According to Statistics Bureau data, in June 2019, China’s aluminium output was 4.333 million tons, down 3.0% from the same period last year; in January-June this year, China’s aluminium output was 23.373 million tons, down 0.5% from the same period last year.
A Glimpse of Price Trend of Aluminum Ingot
Aluminum prices bottomed out in 2018, hovering at year-round lows, with a range of 13,450-15,000 yuan/ton. In the first nine months, the price of aluminium was running in a “W” trend, and in the fourth quarter, the price of aluminium dropped significantly.
In the first half of 2019, the price of aluminium was generally inverted “V” operation. The low oscillation in January lasted until before and after the Spring Festival. After the first ten days of February, the price of aluminium ingots began to rise. After a slight decline in late March, the price of aluminium ingots continued to rise in mid-April, breaking through the 14000, 14100, 14200 and 14300 levels continuously. At the end of May, the price of aluminium ingots reached its peak in the year and fell in June. On July 3, the price of aluminium stopped falling and rose, opening up the mode of shock and attack.
According to the data of business associations, the average price of aluminium (99.70) market as of August 13 was 14260 yuan/ton, up 5.84% compared with the average price of 13473.33 yuan/ton at the beginning of the year (January 1); the trough value of 13223.33 yuan/ton (January 15), up 7.84%; the peak value of 14383.33 yuan/ton (May 15) fell 0.72%; and from the beginning of 2019 to the beginning of 2019. The current interval amplitude is 8.61%.
Aluminum ingot prices jumped 2% this week.
Aluminum ingots, with an annual amplitude of only 8.61%, have risen by 2% this week. According to data from business associations, the average market price of aluminium (99.70) on August 13 was 14,260 yuan/ton, up 2.20% from the average market price of 13,953.33 yuan/ton at the beginning of the week (10 August); it is reported that the market price of aluminium ingots began to rise in the afternoon of 12 August, with a daily increase of 2.08% as of the afternoon of 13 August.
Expected Enhancement of Price Bottom of Alumina Raw Material
1. China’s domestic bauxite consumption declined in July
According to relevant data, China’s domestic bauxite consumption in July was about 7.07 million tons, a decrease of about 3.0% annually, and a decrease of about 12.2% year on year. From January to July 2019, China’s domestic bauxite consumption totaled about 54.2 million tons, a decrease of about 5.0% over the same period last year.
The data show that the consumption of domestic bauxite in Shanxi in July is about 3.27 million tons, which is about 2.7% lower than that in the previous year; the consumption of domestic bauxite in Henan is about 1.38 million tons, which is flat; the consumption in Guangxi is about 1.23 million tons, which is about 3.2% lower than that in the previous year; and the consumption in Guizhou is about 830,000 tons, which is about 3.5% lower than that in the previous year.
2. Increased reduction in alumina production in July
| Sodium Molybdate |
Affected by the persistent decline of alumina price in the early stage, the loss of alumina enterprises in northern China intensified in July, and the reduction of production of alumina enterprises in Shanxi and Henan increased. It is reported that the production line of Xing’an Chemical Alumina in Xiaoyi, Shanxi Province has been repaired since July 20, involving a capacity of 1 million tons per year for about 30 days; Huaxing Aluminum Industry in Shanxi Province has reduced its roasting capacity by 300,000 tons per year; and Sino-Aluminum Mining Industry has reduced its roasting capacity by 200,000 tons per year due to environmental problems. It is estimated that the total affected capacity will be about 1.5 million tons per year. In addition, during the 2nd National Youth Games in Xiaoyi City (August 8 – August 20), Xiaoyi related enterprises organized staggered peak production, and alumina enterprises are expected to limit production by 50%. Recently, the domestic market is expected to strengthen the bottom of alumina prices.
Smooth operation of downstream aluminium export for half a year
1. A Survey of Export Data of Aluminum Materials
According to customs statistics, China exported 487,000 tons of unwrought rolled aluminium and aluminium materials in July and 3.47 million tons in January-July, an increase of 7.4% compared with 3.23 million tons in the same period last year.
2. Domestic aluminium production (semi-annual data) declined year on year
According to Statistics Bureau data, in June 2019, China’s aluminium output was 4.333 million tons, down 3.0% from the same period last year; in January-June this year, China’s aluminium output was 23.373 million tons, down 0.5% from the same period last year.
| http://www.lubonchem.com/ |