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Addresss:No.89 Science Avenue, National HI-Tech Industry Development Zone, Zhengzhou, Henan

Postal Code:450001.

Tel: +86-371- 55689814, +86-371-55686476

Mob: +86 13673369503

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Fax:+86-371-55686475

E-mail: inquiry@signialuminium.com

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Aluminum Price Drop Off Season Rescue Market Unfavorable Impulse
May 09, 2018

Recently, the price of Shanghai aluminum fell sharply due to the collapse of the domestic stock market and the Greek debt problem. The main contract price is from 13000 yuan/ton.

Mouth, all the way below 12,000 yuan/ton, hit a six-year low. Then, as the government began offering a series of bailout policies, aluminum prices began to rebound. People in the industry

As domestic production capacity has not been reduced and production remains high, the market as a whole is still oversupplied, and there has been no substance in the domestic aluminium smelter, shi said.

Before the cut, any rebound could be just a cloud.

Depressed market demand

In an interview with the international business newspaper, wang yu, an information analyst at zhuochuang, said that the main reason for the collapse of the aluminum price was that

Market expectations for aluminium smelters have been slow to come and domestic production remains high. It is estimated that the original aluminium production in June was still more than 2.6 million tons, but it entered in July.

Traditional consumption is off season and demand is weak.

According to the reporter, after Indonesia imposed the ban on the export of raw minerals, Chinese importers have turned to Malaysia, the Philippines, Australia and other countries.

Since the first half of the year, China's imports of bauxite have increased significantly. According to Chinese customs data, it was stimulated by demand in China before this year.

In five months, Malaysia's exports of bauxite to China amounted to 6.14 million tons, and is expected to grow to 8 million tons this year. Malaysia has partially replaced India.

China is the leading supplier of bauxite to China. At least five Indonesian miners invested in Malaysia at the end of last year, working with local exporters.

China exports bauxite. In addition, Australia has benefited from Indonesia's policy of importing bauxite from Australia in the first five months of this year.

Year-on-year growth was 53%.

According to wang yu, the current domestic aluminum market in the overall situation of supply and demand, under the aluminum price crash, the current downstream manufacturers are afraid of decline and fear.

High mood interleaving, and the shipper did not have a significant hand to sell sentiment, most of the time the market transaction is weak, that is to sell goods are not willing to sell, buy goods.

Don't want to buy high, the market deadlock situation.

Production cuts are true

Wang yu told reporters that the recent rapid collapse of aluminium prices has led to a heightened sense of crisis in the aluminium smelter, and the scale of corporate losses is widening. According to the android

According to the monitoring data, after the slump, the average loss of the domestic electrolytic aluminum industry was 643.5 yuan/ton, which was higher than the loss at the end of June.

About 223.7 yuan/ton; The industry lost capacity of 20793 million tons, and the industry loss reached 65.9%. The profit areas are mainly concentrated in xinjiang,

Gansu, Inner Mongolia and other places. At present, most electrolytic aluminum enterprises have been engaged in market research and a large aluminum enterprise to take the spot price, it seems that the market is brewing.

What you expect. At the same time, domestic and foreign aluminum price technical rebound has been implemented on July 9, aluminum market is gradually bullish atmosphere. In addition, the Chinese stock market is unique.

The ground counterattack, multiple good gathering, it looks as if the aluminium price has been ready to build a bottom rebound.

But at the moment, it is hard to say whether the time is coming. The hangover from the Greek debt crisis remains, and the fed expects to raise interest rates this year.

China's economic growth is under pressure. In addition, at present domestic is in traditional aluminium consumption low season, whether the aluminum enterprise will come again "off-season rescue.

The city is hard to say. Wang believes that after the aftermath of the first quarter of this year's rescue, the market should not be rushed again.

Production cuts are the truth. If the market continues to be oversupplied, the rebound will be temporary.


  • Contact Us

    Henan Signi Aluminum Co.,Ltd

    Addresss:No.89 Science Avenue, National HI-Tech Industry Development Zone, Zhengzhou, Henan

    Postal Code:450001.

    Tel: +86-371- 55689814, +86-371-55686476

    Mob: +86 13673369503

    Sales manager: Alex Lu

    Fax:+86-371-55686475

    E-mail: inquiry@signialuminium.com

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