According to the data of business news agency, the average price of domestic aluminum ingots in East China market on February 9 was 15763.33 yuan / ton, up 3.34% compared with the average price of 15240 yuan / ton at the beginning of the month (February 1), and up 0.23% compared with the average price of 15240 yuan / ton at the beginning of the year (January 1)
| EDTA |
At present, the aluminum price has basically recovered the decline in January. The recent recovery of aluminum price is mainly based on the following factors:
1. Production cost up
In the first ten days of February, the production cost rose slightly. The average cost of electrolytic aluminum production was about 13600.00 yuan / ton, slightly higher than that at the end of January, with a range of 10 yuan / ton. At present, the average profit level rose by more than 100 yuan / ton.
2. The stock accumulation is weaker than expected
At present, near the end of the aluminum consumption off-season, the market expected social inventory accumulation phenomenon is less than expected. The social inventory was 730000 tons, compared with 945000 tons in the same period last year.
2. High proportion of aluminum water supply and high output of extruded aluminum ingot
It is reported that in January 2021, the weighted proportion of molten aluminum in the aluminum industry was 64.61%, only 3.61% lower than that of last month; that is to say, the monthly increase of aluminum ingots was about 120000 tons, about 180000 tons lower than that of previous years.
| Melamine |