According to foreign sources quoted sources, RUSAL is setting up a team of traders in China because of US sanctions affecting sales in Western countries.

Sources pointed out that Rusal will soon set up a trading company for the trading team, which will include a sales manager, an aluminum trader and an alumina trader. The team will be responsible for trading aluminum produced in Russia in China while looking for opportunities to import aluminum and export aluminum products in China.

Beijing September 14 news. Government data released on Friday showed that Chinese aluminum producers’ production in August was 3% lower than the previous month, as high raw material costs have reduced the profit margins of manufacturing companies.

According to data released by the National Bureau of Statistics on Friday, China’s August production of primary aluminum (electrolytic aluminum) was 2.84 million tons.

According to statistics from the Bureau of Statistics, the output of primary aluminum in August was lower than the historical high of 2.93 million tons in July. However, it increased by 7.8% compared with the same period of last year.

Based on the conversion of data, China’s primary aluminum production in August was about 91,600 tons / day, the lowest since May.

In August, Shanghai aluminum futures contract climbed 2.1%, but in the same period in the eastern part of China, the spot price of alumina rose by 10.8%. Smelting companies are under pressure.

Norwegian company’s Alunorte company’s Alunorte smelter production disruption, the US threat to impose sanctions on Rusal, and Alcoa’s alumina plant in Western Australia’s alumina plant strikes, all of which led to this year The culprit in the global alumina market is tight.

The price of alumina in the international market has skyrocketed, causing Chinese alumina producers to take advantage of large-scale exports, which in turn has led to a decline in domestic supply.

Victor You, an analyst at CLSA in Hong Kong, said he had heard about the decline in production by aluminum producers in Henan Province, and he described Henan as a concentrated area of extremely high-cost aluminum smelters.

He said: “This is because many aluminum smelters do not have a complete supporting alumina project. They must purchase raw materials from outside, which will be particularly difficult for them.”

Spot alumina prices in central China are currently the highest since December.

He added: “Aluminium profits have fallen sharply, so I won’t be surprised even if there is a reduction in production.”

The National Bureau of Statistics also showed that China’s primary aluminum production in January-August was 22.21 million tons, an increase of 3.5% over the same period last year.

China’s ten non-ferrous metals production in August was 4.54 million tons, up 5.7% year-on-year, but down 1.8% from July’s 4.62 million tons.

China’s ten non-ferrous metals production in January-August was 35.71 million tons, an increase of 3.8% over the same period last year.

According to the data monitoring of the business community, on September 12, the average price of acetic anhydride enterprises was 7231.25 yuan/ton, which was stable compared with the previous trading day, up 47.08% year-on-year.

On September 11th, the acetic anhydride commodity index was 143.31, which was the same as yesterday, which was 13.53% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 73.54% higher than the lowest point of 82.58 points on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

On September 12, the domestic vinegar anhydride factory price was temporarily stabilized, and the market transaction price was stable. In most areas, the factory price is 6700-7100 yuan / ton, the actual transaction price is stable, the actual transaction price is about 6500-6900 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid fell, the price of raw material methanol rose, and the overall cost of acetic anhydride manufacturers rose, which formed a favorable price for acetic anhydride. The operating rate of downstream customers has rebounded, and the demand for acetic anhydride is favorable. The enthusiasm of downstream procurement has provided support for the increase in the price of acetic anhydride. However, with the increase in the operating rate of acetic anhydride equipment, the supply of acetic anhydride has increased, while the demand for acetic anhydride has recovered slowly. It is difficult to support the price of acetic anhydride and the price of raw materials continues to rise. Rising, the cost of acetic anhydride rose, the price of acetic anhydride has a strong upward momentum support, and it is expected that the price of acetic anhydride will fluctuate and adjust. The overall domestic acetic anhydride price is difficult to rise and fall sharply, with a small increase and decrease.

First, the price trend

According to the data of the business community’s commodity list, the domestic formaldehyde market rose on the 11th, the price was 1546.67 yuan / ton, up 54.42 yuan / ton from the previous day, 54.45 yuan / ton, an increase of 3.65%, the current price rose by 24.48%.

Second, the market analysis

Products: domestic formaldehyde market price rise, Shandong Linyi area formaldehyde manufacturers offer at 1540 yuan / ton, Hebei province formaldehyde manufacturers offer at 1570 yuan / ton, Jiangsu area factory offer at 1800 yuan / ton, the recent formaldehyde manufacturers operating rate is low, The supply of formaldehyde in the market is tight and the price is rising.

Industry chain: methanol market price rises, methanol market price in Shanxi is 3030-3110 yuan / ton, methanol market price in Anhui is 3350-3400 yuan / ton, and methanol market price in Hebei is 3070-3100 yuan / ton, methanol in Henan area The market price is 3150-3220 yuan / ton, the enterprise inventory is not high, and the shipment is smooth. Downstream sheet companies purchased on demand, the market was active, and the price of formaldehyde rose.

Third, the market outlook

The upstream methanol market rose and the cost support was sufficient, but the downstream plate enterprises purchased on demand. Therefore, the formaldehyde analyst of the business community chemical branch expects that the domestic formaldehyde price may be up or not.