SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: In Early February, China's Aluminum Prices Recovered

February 18 2021 08:26:27     SunSirs (Linda)

According to SunSirs, the average price of domestic aluminum ingots in the East China market on February 9 was 15,763.33 yuan/ton, up 3.34% from the average market price at the beginning of the month (February 1) of 15,240 yuan/ton; compared with the market at the beginning of the year (January 1) The average price was 15,240 yuan/ton, up 0.23%.

At present, aluminum prices have basically recovered the decline in January. The recent rebound in aluminum prices is mainly based on the following factors:

1. Production costs move up

The production cost rose slightly in early February. The average production cost of electrolytic aluminum was about 1,3600.00 yuan/ton, a slight increase of 10 yuan/ton from the end of January, and the current average profitability has risen by more than 100 yuan/ton.

2. Weakening of the library is not as expected

At present, the low season of aluminum consumption is approaching the end of the year, and the social inventory accumulation phenomenon expected by the market is less than expected. Social inventory was 730,000 tons, compared with 945,000 tons in the same period last year.

3. High proportion of molten aluminum supply, output of extruded aluminum ingots

It is reported that in January 2021, the weighted aluminum water ratio in the aluminum industry was 64.61%, which was only 3.61% lower than the previous month; that is to say, the monthly increase in aluminum ingots was roughly 120,000 tons, a year-on-year decrease of about 180,000 tons compared with previous years.

If you have any questions, please feel free to contact SunSirs with

Rubber & plastics
Non-ferrous metals
Building materials
Agricultural & sideline products