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Why is the aluminum price of the bullish rushing up?

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Why is the aluminum price of the bullish rushing up?
Latest company news about Why is the aluminum price of the bullish rushing up?

Recently, aluminum prices have skyrocketed for 10 years, from beer cans to packaging, global demand for aluminum rebound after epidemic. As of 2021, aluminum prices have soared 31%, this week, aluminum prices reach a high 2615 dollar per ton.

Due to the continuous expansion of domestic, aluminum has been bonded, the aluminum said that the price increase is a gratifying gas.

Global aluminum mergers and acquisitions and integration are also windy. Since this year, the Western Aluminum Industry has completed the merger of tripartite including Russian aluminum companies, and Rio Tinto Group's acquisition of Canadian Aluminum Group, the current negotiations are in progress, will be the mergers and acquisitions of Military History. Merger case.

Aluminum is widely used in cans, packaging, architecture, and aerospace sectors. As the economy is expanding, it is also used in electric vehicles, including battery pack, high-end models. According to analyst Ding Smore:"Since the global economy has a wide rebound, aluminum is almost all aspects. "

The price of aluminum has skyrocketed, first of all, benefiting the supply limit. The peak of electricity in summer is coming. The new electricity load in the Southern Power Grid has risen sharply. After the Yunnan is limited, electricity pressure in Guangxi, Guizhou is increased.Yunnan Electric Aluminum Factory is required to be reduced by 25% level to 30%, Electronic Aluminum Factory, such as Guizhou, Guangxi, starts a small limit, some aluminum companies choose early annual overhaul or small reduction in load. In July, the limited restriction, Guizhou enterprises even requested to cooperate with the wrong peak electricity, and the operation capacity of Yunnan region, the monthly reduction of 70,000 tons.

Second, demand growth is also one of the causes of aluminum prices.On July 28, it is based on 765,000 tons inventory in domestic electrolysis society. It is more than 36,000 tons per week, especially in Wuxi, Shanghai, and Nanhai.Domestic supplies "Double Control " and limit electricity caused accidental reduction, the annual output is lowered from 40 million tons to 39.53 million tons, in the first half of the year, domestic electrolysis aluminum performance consumption is 1981 million tons, a year-on-year increase of 9.6%.

According to relevant data, the aluminum price is still stable in July, and with a small increase, it is relatively obvious until the second half month, on July 30, aluminum prices have broken 20,000 yuan. From this trend in July, the price of aluminum in August will still have a rise, but the second batch of aluminum in the country has put into the market, and it is believed that aluminum prices will be controlled for a certain period of time.

Pub Time : 2022-08-22 16:50:02 >> News list
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