On March 30, 2020, the average price of domestic spot aluminum ingots was 11490 yuan / ton, starting to stop falling and stabilize.
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According to the data of business agency, as of March 30, the average market price of domestic aluminum ingots was 11490 yuan / ton, down 12.87% from the average market price of 13186.67 yuan / ton at the beginning of the month (March 1).
Strengthening the support of falling cost
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At present, the price of aluminum ingots touches the cost of some manufacturers. Since late March, there have been about 6 domestic enterprises (including the plan) that have concentrated on production reduction and maintenance, affecting the capacity scale of 445000 tons / year. Although in the first quarter, Inner Mongolia Mengtai, Inner Mongolia Guyang, Guangyuan Zhongfu (phase I), baikuangtianlin, Yunnan Aluminum Heqing (phase II) and other enterprises have a total capacity of about 1.1 million tons of electrolytic aluminum, and the expected operating rate will not be too high.
Expected market outlook
According to the historical price trend, the current price is not high and the cost is strongly supported. In the second quarter, the demand is expected to turn warm. It is expected that the near-term rate will be stable and strong.
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