June aluminum price platform shock
In June, the aluminum price platform was in a shock operation, with the operation range of 18300-19000 yuan / ton. According to the data of business agency, the average price of domestic aluminum ingot in East China market on June 30 was 18830 tons, up 0.59% compared with the average market price of 18720 yuan / ton at the beginning of the month; The highest price in June appeared on June 16, with the average market price of 19003.33 yuan / ton, the lowest price on June 4, and the average market price of 18270 yuan / ton.
Based on the average market price of 15726.67 yuan / ton in the early year (January 1, 2021), the average price of aluminum ingot has risen by 19.73%.
Overview of aluminum market
It is reported that in late May, affected by the recent regulatory authorities’ interviews with key enterprises in black and non-ferrous industries, (domestic, affected by the surge in early period of commodities, the current policy is mainly to ensure supply and stability of prices, and to curb unreasonable rise of commodity prices in all directions. The voice of policy departments has triggered the expected increase of market regulation on later policy, and the mood of commodity market is showing signs of cooling.) Domestic spot aluminum ingot prices began to decline, in the early June, a small recovery.
In late June, the State Reserve and storage information side, to a certain extent, stabilize the market.
On June 22, the state material reserve and regulation center issued a notice, deciding to launch the first batch of national reserves of copper, aluminum and zinc in 2021 in the near future.
According to the announcement, the total sales volume of the first batch of copper, aluminum and zinc are 20000 tons, 50000 tons and 30000 tons respectively. The simulated bidding time is June 30. The bidders can log in to the electronic bidding platform from 9:00 to 11:00 on June 30 to participate in the simulated bidding, and be familiar with the bidding rules and platform operation. The time of public bidding is from July 5 to 6, and the bidding period is 8:00-12:00 and 13:00-18:00 on the same day.
Recent news face
There is rumour that Russia is preparing to impose new export taxes on steel products, nickel, aluminum and copper. Aluminum Russia is the largest aluminum producer in the world outside China.
Post market forecast
Analysts of business society think that the price of 18000-19000 yuan / ton is the stable fluctuation interval formed by market game. It is estimated that the price of aluminum ingot is mainly around 18500 yuan / ton operation in the near future
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