1. Trade name: standard aluminum ingot (99.70)
2. Latest price (November 27, 2019): 13966.67 yuan / ton
3. Analysis points:
| PVA |
Supply side: the new capacity is relatively centralized. In November, the newly increased production capacity mainly concentrated in Inner Mongolia Xinhengfeng, Chuangyuan metal, Guangxi baikuang, Guangyuan Linfeng and Yunnan Shenhuo, etc., all of which have started or are about to start the new production capacity. In terms of resumption of production, the 500000 ton production capacity shut down by Xinjiang Xinxin for some reason was resumed by power on November 15 and completed by the end of December. Guangxi Investment Group Yinhai Aluminum Co., Ltd. announced to withdraw the capacity of 200000 tons of electrolytic aluminum (336 240kA electrolytic cells) and replace it with Guangxi Huasheng electrolytic aluminum project.
Consumer end: the domestic performance is relatively flat, the aluminum export performance is poor, and the fundamentals are weak as a whole.
4. Future forecast:
The start of heating season will affect the production of electrolytic aluminum to a certain extent. At present, the aluminum ingot Market is relatively stable, and it is expected to run mainly in the first line of 14000 shocks in the near future.
| POLYVINYL ALCOHOL |