Price list of aluminum ingot
| Benzalkonium chloride |
According to the data of business agency, the average price of domestic aluminum ingot in East China market on October 21 was 14906.67 yuan / ton, an increase of 1.43% compared with the average market price of 14696.67 yuan / ton at the beginning of the month (October 1), 2.43% higher than the average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 32.66% compared with the valley value of the average market price in the year (March 24).
In October, the price of aluminum ingot was stronger, and the overall situation was still horizontal.
Comparison of the arguments for the situation of electrolytic aluminum in October
Multiple arguments:
1. The social inventory of electrolytic aluminum in October is still at a historical low level
According to statistical data, as of October 15, the domestic electrolytic aluminum social inventory (including SHFE warehouse receipt) totaled 719000 tons, which was at a relatively low historical level, 197000 tons lower than the same period last year.
2. The export volume of UN forged and rolled aluminum and aluminum products increased month on month in September
In September 2020, China’s exports of UN forged and rolled aluminum and aluminum products increased by 7.7% on a month on month basis, a year-on-year decrease of 2.1%, and 395000 tons in August.
From January to September 2020, China’s total exports of unshaped and rolled aluminum and aluminum products totaled 3.561 million tons, a year-on-year decrease of 813000 tons or 18.6%.
Recent policy factors
| ferric sulfate (Poly ferric sulphate) |
1. Limited production in heating season
Recently, the Ministry of ecology and environment issued the action plan for comprehensive control of air pollution in autumn and winter of 2020-2021 in the Yangtze River Delta region (Draft for comments), and “2020-2021 for Beijing Tianjin Hebei and its surrounding areas, Fenwei plain” The action plan for comprehensive control of air pollution in autumn and winter (Draft for comments) requires that the Yangtze River Delta region, Beijing Tianjin wing and surrounding areas and Fenwei plain should be targeted at steel, building materials and nonferrous metals The unorganized emission control of key industries has achieved the goal of reducing excess capacity and eliminating backward capacity in an all-round way, which has little impact on the aluminum industry chain, and the upstream carbon part is affected. The production capacity of electrolytic aluminum and alumina has not changed significantly.
Aluminum price forecast in October
The downstream operating rate is relatively stable. In the later stage, attention should be paid to the price of raw material alumina and downstream export. It is expected that the social inventory of aluminum ingots will enter a period of fluctuating platform. The price of aluminum ingots will be mainly stable in October, with the price range of 14500-15300 yuan / ton.
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