As of June 22, the average market price of domestic aluminum ingots was 13983.33 yuan / ton, up 3.66% compared with the average market price of 13490 yuan / ton at the beginning of the month (June 1).
| Azodicarbonamide (AC foaming Agent) |
Last week, Chinalco’s foreign quotations in various regions have exceeded 14000 yuan / ton. In the near future, the rise in spot price to futures has begun to narrow.
Reduction of aluminum ingot spot supply
Some domestic electrolytic aluminum production capacity has not fully recovered since the reduction of production since late March, and some other enterprises have increased the supply of aluminum water, reducing the spot supply of aluminum ingots.
Poor export
In May 2020, China exported 382900 tons of unwrought aluminum and aluminum products, a year-on-year decrease of 28.4%. From January to may, the export of unwrought aluminum and aluminum products was 2.012 million tons, a year-on-year decrease of 18.7%..
Future forecast
| povidone Iodine |
At present, the supply and demand fundamentals of the domestic market have been effectively improved, social inventory has continued to move down, the current price has risen, partially easing the pressure of domestic high-cost aluminum ingot manufacturers, the domestic demand is expected to turn warm in the second quarter, and in the later period, it is likely to maintain stability and strong operation. Business analysts predict that in June, it will be mainly in the first-line shock operation of 14000 yuan / ton.
Later focus:
Real estate completion cycle and policy support for wire and cable industry
| Melamine |