SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Aluminum Prices Rose Slightly on the 15th

September 16 2022 15:39:45     SunSirs (John)

Price trend

According to the data from SunSirs, the average price of domestic aluminum ingots in the East China market on September 15 was 18,813.33 RMB/ton, up 0.89% daily, 2.47% higher than the average market price of 18,360 RMB/ton at the beginning of the month (9.1), and 15.41% lower than the average market price of 22,240 RMB/ton in the same period last year.

At the peak price of 2021 (October 19, 2021), the average market price of aluminum ingots was 24,240 RMB/ton, and the recent deviation from the peak fell by 22.39%. At the beginning of the recent recovery (July 14, 2022), the average price of aluminum ingot market was 17,450 RMB/ton, and the recent recovery increased 7.81%.

Analysis review

On the domestic supply side: Yunnan has given a notice on load reduction. At present, the affected capacity has reached about 500,000 tons, or expanded to 1.5 million tons, and the supply and demand pattern is expected to tighten; The production capacity of Sichuan and Chongqing is under recovery, and it will take time to fully recover. The tight domestic supply pattern is expected to rise.

On the domestic demand side, downstream consumption has improved slightly on a month on month basis, but not as much as the same period last year; As of the 15th, the social inventory in the mainstream areas of China was around 685,000 tons, which has risen slightly on a month on month basis recently.

On the news side, the production capacity of aluminum plants with high energy consumption caused by the European energy crisis has been significantly affected. Recently, new production reduction news has brought worries about aluminum supply to the market.

Market outlook

The bearish expectation triggered by the macro pessimism in the early stage was gradually diluted under the impact of the production reduction news.

In the short term, the aluminum price will be supported by periodic production reduction, and it will need to see whether the actual demand in the downstream will turn warmer. It is expected that the aluminum price will fluctuate strongly and widely in the short term.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products