Domestic aluminum machining market enters the low season of consumption ahead of schedule

Director of the research and development department of Guoxin Futures, said that the aluminum industry as a whole is in a big environment of rising costs and narrowing surpluses. Domestic electrolytic aluminum machining supply and demand balance constitutes a dominant force in the change of aluminum prices. Due to the deep reshuffle of China's aluminum industry in the past four years, the environmental requirements of aluminum upstream raw materials are tightened in 2019, and the production capacity of electrolytic aluminum industry is relatively orderly, aluminum The industry cost increase is very obvious.

It is understood that alumina is one of the important raw materials for electrolytic aluminum production. In recent years, despite the continuous increase of foreign bauxite and alumina inflow, Shanxi is still one of the important sources of supply of alumina* in China. In May, some alumina enterprises in Shanxi suffered a complete rectification due to environmental problems, and further affected the production capacity of more than 3 million tons of alumina. After the bullish sentiment in the spot market was ignited, the domestic alumina price soared from around 2,600 yuan / ton to around 3,100 yuan / ton, less than a month * high increase of nearly 20%. Although the price of alumina has declined in late June, the production cost of electrolytic aluminum in China has risen and the price has risen sharply.

Wang Siran, deputy director of Jinrui Futures Research Institute, said that the price of electrolytic aluminum consists of two parts: cost and profit. The two are the core driving force for driving cnc machining aluminum parts prices. Since the beginning of this year, especially since March, the inventory has fallen sharply, and the repair of smelting profits has become the main driving force for the rise of aluminum prices. Subsequently, the emergence of the red mud reservoir problem in Shanxi alumina plant caused the supply of alumina to change from surplus to tight, and the environmental protection supervision became increasingly severe. The price of alumina will remain high and it will become an important support for aluminum price in the short term.

Sun Weidong, senior analyst of non-ferrous metals in Dongzheng Futures, said that the environmental protection incident in Shanxi has caused a significant decline in the supply of alumina in Shanxi. According to field research, it is known that the production of other enterprises has basically recovered in May. He said that the environmental protection problem of alumina is mainly related to the leakage of red mud reservoir. The leakage repair of red mud warehouse is more difficult. Considering the formalities for approval and construction of the new warehouse, it is expected that the production capacity of the enterprise will be The full resumption of production will wait until the fourth quarter.