According to the data of business agency, the average price of domestic aluminum ingot Market on July 27 was 14590 yuan / ton, an increase of 1.48% compared with the average market price of 14376.67 yuan / ton at the beginning of the month (July 1), 0.25% higher than the valley value of average market price at the beginning of the year (January 1) of 14553.33 yuan / ton, an increase of 29.84%.
In July, the price of aluminum ingot once jumped to 15343.33 yuan / ton, the peak value of the year (July 13), and then the price continued to fall. On July 17, the price of aluminum ingot fell to 14380 yuan / ton. Recently, it stopped falling and stabilized and rose slightly.
| PVA |
Supply and demand booming, social inventory continued to move down
According to the data of the National Bureau of statistics, from January to June 2020, China’s original aluminum output was 17.889 million tons, with a year-on-year increase of 1.7%; the output of aluminum products was 26.458 million tons, with a year-on-year growth of 7.8%. The social inventory of electrolytic aluminum continued to move down, from a high level of 1.67 million tons to a level of less than 800 thousand tons.
In the second half of the year, the new production capacity of electrolytic aluminum in Yunnan, Inner Mongolia and other places is expected to be relatively large. According to statistics, the newly added equipment capacity in the above areas will be about 3 million tons in 2020, and the market supply pressure will increase. On the demand side, consumption scenarios such as real estate industry, automobile consumption, cable and other consumption scenarios are expected to accelerate in the second half of the year. With the continuous promotion of domestic internal circulation, aluminum consumption is strong 。
Future forecast
At present, the price of electrolytic aluminum has basically stabilized, and it is expected that the maintenance of stability will be stronger in the near future.
| POLYVINYL ALCOHOL |