1、 Price trend

According to the data of the business club’s block list, on January 29, the average ex factory price of powdered monoammonium was 2118 yuan / ton, and on January 1, the average ex factory price of powdered monoammonium was 2116.67 yuan / ton, up 0.6% in the month and 0.06% year on year

According to the data of the business club’s block list, on January 29, the average ex factory price of 64% diammonium was 2490 yuan / ton, and on January 1, the average ex factory price of 64% diammonium was 2440 yuan / ton, with an increase of 2.05% in the month and a year-on-year increase of 13.18%

2、 Market analysis

In January, the price of map increased by 0.6% within the month, with little increase. In the first half of the month, the price was relatively stable. With the arrival of the inflection point in the second half of the year, some enterprises suspended their quotation and received orders in limited quantity. In addition, the enthusiasm for downstream compound fertilizer preparation increased, the price of raw materials increased, and the price of monoammonium phosphate increased. At present, the price of 55% ammonium powder in Anhui Province is 2105 yuan / ton. In Hubei Province, the ex factory price of 55% powdered ammonium is 2050-2100 yuan / ton, and the ex factory price of 58% powdered ammonium is 2150-2200 yuan / ton. The ex factory price of 55% powdered ammonium in Henan Province is about 2050-2100 yuan / ton. The price of 55% ammonium powder in Shandong Province is 2150-2200 yuan / ton. The ex factory price of 55% ammonium powder in Sichuan is about 2000-2100 yuan / ton.

In January, the price of DAP increased by 2.05%. The trend of DAP was strong mainly due to the tight supply of goods in the yard, the rising raw materials, and the stable demand for winter storage. At present, the mainstream price of 64% diammonium in Hubei Province is 2600-2650 yuan / ton, and the mainstream price of 64% diammonium in Gansu Province is 2650 yuan / ton. The price of 64% diammonium in Yunnan is 2900-2980 yuan / ton. In Guizhou Province, the mainstream ex factory quotation of 64% diammonium is 2850 yuan / ton, while in Heilongjiang Province, the first station advance collection quotation of 64% diammonium rises to 2950-3050 yuan / ton.

The market of raw material phosphate rock rose in January, and the transaction price of phosphate rock in the plant moved towards the high end. The price increase was mainly in Guizhou and Guangxi, with an increase rate of 10-20 yuan / ton. Subsequently, the overall adjustment of phosphate rock market was limited, and the operation was mainly stable. With the coming of the festival, some terminal downstream enterprises in the domestic phosphorus ore market have stopped production one after another, and due to transportation restrictions, the enterprise trading atmosphere maintains the current situation. Most of the mines concentrate on the supply of early orders. The phosphorus ore analysts of the business community believe that the overall stable operation of the domestic phosphorus ore market is the main factor in the short term.

In January, the price of phosphorus chemical products rose generally. According to the price monitoring of business society, there were 5 kinds of commodities rising, 0 kinds of commodities falling and 0 kinds of commodities falling in January 2021. The main commodities that rose were yellow phosphorus (2.88%), diammonium phosphate (2.05%) and phosphate rock (1.68%), with an average rise and fall of 1.6% this month.

3、 Future forecast

According to the analysts of business news agency, the price of ammonium phosphate rose steadily in January, mainly due to the rising price of raw materials, the increasing support of cost, the tight supply of goods in the market, and the stable demand. In February, the atmosphere of price adjustment is still strong. The number of enterprises that stop reporting monoammonium phosphate increases, and the price rises again. The enterprise owners send orders, and the pressure of shipment is not big, so they are willing to support the market. DAP supply is not much, superimposed export demand is good, manufacturers have strong confidence in price support, and the industry is optimistic about the later market. To sum up, it is expected that the market of monoammonium phosphate and diammonium phosphate will remain warm in the short term, and the price is expected to rise.

1、 Melamine price trend

(Figure: p-value curve of melamine products)

2、 Market analysis

According to the monitoring sample data of the business agency, as of February 2, the average quotation price of melamine enterprises was 7033.33 yuan / ton, which was flat compared with last Tuesday (January 26), decreased by 3.21% compared with January 2, and increased by 19.89% year-on-year in a three-month cycle.

The recent melamine market is mainly stable, and the market atmosphere is light. In terms of equipment, the operating rate of melamine will gradually increase, and the supply will increase. As the Spring Festival approaches, downstream terminals will have holidays one after another. In addition, due to the influence of logistics and transportation factors, enterprises generally take goods, and some manufacturers mainly export. At present, the mainstream price of melamine in Shandong is around 7000 yuan / ton, the mainstream price of melamine in Xinjiang is around 6300 yuan / ton, and the mainstream price of melamine in Sichuan is around 6800 yuan / ton. The quotation is for reference only, and the actual price shall prevail.

Upstream urea, February 2, Shandong urea market temporarily stable. The downstream demand is tightening as a whole. In agriculture, the price of urea is relatively high and the agricultural procurement is cautious. In industry, due to the impact of air pollution control in some areas, plate enterprises shut down, and compound fertilizer enterprises started with general load, so the demand for proper follow-up. On the supply side, the early maintenance units started in succession, and the output increased steadily.

According to the price monitoring of the business community, on February 1, 2021, there were 20 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including one commodity with a rise of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities were pure benzene (5.03%), butanone (3.64%) and ammonium chloride (3.24%). There were 9 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the number of commodities monitored in this sector; the top 3 products with a decrease were dichloromethane (- 12.01%), ethylene oxide (- 9.33%) and trichloromethane (- 4.00%). Today’s average rise or fall was – 0%.

3、 Future forecast

Melamine analysts of business news agency believe that the recent price rise of upstream urea and cost support are rising, but the downstream demand follow-up consumption is insufficient, and the market atmosphere is light. It is expected that the melamine market may be weak and stable in the short term, and the specific trend needs to pay more attention to the market news guidance.

On February 1, the price of silver soared, and the price of American Silver broke through $30 / oz, breaking through the high level in early 2020; Ag (T + D) jumped at the opening price of 5573 yuan / g, and closed at 5476 yuan / g at night. After the weekend trading was suspended, the daily price rose violently on February 1, with the highest price of 5896 yuan / g, and the closing price of 5892 yuan / g, closing up 10.34%; silver 2106, the main futures contract of silver, jumped at the opening price of 5654 yuan / g, The night trading closed at 5564 yuan / g. after the weekend trading was suspended, the day trading rose violently on February 1, with the highest price of 5949 yuan / g. the closing price was 5939 yuan / g, up 9.27%.

There is still room for domestic silver spot price to reach its high level in 2020

According to the data of business news agency, on February 1, 2021, the morning average price of silver market was 5716.33 yuan / kg, which was 10.40% higher than the morning average price of 5177.67 yuan / kg in the spot market at the beginning of the month (January 28), and 14.76% lower than the peak price of silver spot market in 2020 (8.11), which was 6708.33 yuan / kg.

Shanghai Gold Exchange centralized pricing Shanghai silver morning and afternoon price trend is as follows:

Silver is more speculative

On the 28th, silver began to rise, and gold price was relatively sluggish. Market rumors suggest that recently, US retail investors began to turn their money to silver. Although there is no factual basis, it can be seen from the figure below that the fluctuation range of silver price is much higher than that of gold, the twin brother of its trend. Fortunately, this trend shows incisively and vividly in the middle of March and the first ten days of August 2020, and the speculative property of silver, which has gone up and down sharply, is stronger.

The data of Shanghai Gold Exchange also reflects that the high amplitude of silver’s sharp rise and fall in 2020 will attract more investors (Speculators).

According to the data of Shanghai gold exchange, in 2020, the turnover of silver was 20.75 trillion yuan, with a year-on-year increase of 186.19%, and the turnover was 4.2147 million tons, with a year-on-year increase of 136.78%; the turnover of gold was 22.55 trillion yuan, with a year-on-year increase of 4.91%, and the turnover was 58700 tons, with a year-on-year decrease of 14.44%.

Silver in the outer wall breaks through the peak in 2020

Within a day, slnc broke through US $30 / oz, reaching the highest of US $30.35/oz, breaking through the high price in early 2020.

It is reported that retail investors in reddit forum Wall Street bets called for “launching the biggest silver strike in history”.

The huge profits and international popularity gained by “American retail investors” in the stock market have greatly increased the attention of speculative funds to silver products. In addition, unlike gold, the precious metal, which has been at a historical high for nearly 10 years, the price of silver reached a high of US $49.50/oz in April 2011, creating a powerful price range chip for “American retail investors”.

If the price of internal market keeps rising, there is still room

In August 2020, the price of domestic silver rose more sharply. At present, the price is mainly driven by the external market, with a slight lag, and the increase is relatively weak. If the price of silver in the internal market keeps rising, the rising space is more considerable. Of course, the current rise is still within the fundamentals. If, like the stock market operated by retail investors in the United States, it is divorced from the actual supply and demand, and completely enters the stage of Bo Sha, it is unknown that it will crash and jump short quickly. On the news side, the price of silver soared on the first day. The Thai Futures Exchange (tfex) announced the suspension of trading of silver online futures, while India reduced the tariff on gold and silver to 7.5%. Ye Jianjun, an analyst at business news agency, predicts that the domestic silver price will follow the external market in the near future, and the range will be slightly lower than the external market.

Precious metals data at a glance

In January, the price trend of precious metals was weak as a whole, silver stabilized at the end of the month, and the upward attack was obvious, with great uncertainty in the future. On the one hand, the Federal Reserve’s policy is within expectations, the dollar index is relatively high, and precious metals are slightly under pressure; on the other hand, retail investors are fanatical trading expectations, and the market has entered a period of hoodwinking.

Summary of recent data:

In 2020, the annual global gold demand (excluding OTC trading) was 3759.6 tons, a year-on-year decrease of 14%, which was lower than 4000 tons for the first time since 2009. In 2020, the inflow of gold ETF reached a record high, totaling 877.1 tons (about US $47.9 billion), and the global asset management scale reached 3, In 2020, the total demand for gold bars and gold coins will be 896.1 tons, a year-on-year increase of 3%; in 2020, the total global demand for gold ornaments will be 1411.6 tons, a year-on-year decrease of 34%; in 2020, the total demand of central banks will be 273 tons, a year-on-year decrease of 59%; in 2020, the total demand for science and technology will be 301.9 tons, a year-on-year decrease of 7%; in 2020, the total global supply of gold will be 4633 tons, a year-on-year decrease of 4%; in 2020, the total amount of gold recovery will be 1, 297.4 tons, a slight increase of 1% year on year.

According to the latest statistics of the China Gold Association, in 2020, the domestic raw material gold output was 365.34 tons, 14.88 tons less than the same period in 2019, a year-on-year decrease of 3.91%. Among them, 301.69 tons of gold mineral gold and 63.65 tons of non-ferrous by-product gold were completed.

In 2020, the actual consumption of gold in China will be 820.98 tons, down 18.13% compared with the same period in 2019. Among them: 490.58 tons of gold jewelry, a year-on-year decrease of 27.45%; 246.59 tons of gold bars and coins, a year-on-year increase of 9.21%; 83.81 tons of industrial and other gold, a year-on-year decrease of 16.81%.

1、 Price trend

According to the data of business news agency, the market price of maleic anhydride in China fell this week. As of January 29, the average price of maleic anhydride by hydrogenation of benzene remained around 8333.33 yuan / ton, down 1.19% from the beginning of the week and up 2.88% from the same period last month.

On January 29, the maleic anhydride commodity index was 78.50, down 1.57 points from yesterday, down 36.52% from the highest point of 123.67 points in the cycle (December 26, 2017), and up 53.38% from the lowest point of 51.18 points on April 14, 2020. (Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic phthalic maleic anhydride market started low load operation. Under the influence of environmental protection and Spring Festival factors, the downstream unsaturated resin entered the shutdown period, the operating rate went down, the resin market was weak and wait-and-see, and just needed procurement was the main factor. As of the 29th, the amount of solid anhydride in Shandong is about 7800 yuan / ton, that in Jiangsu is about 8200 yuan / ton, that in Shanxi is about 7700 yuan / ton, that in Hebei is about 7900 yuan / ton, and that in South China is about 8200 yuan / ton.

On the upstream side, according to the data of business club’s block list, the price of pure benzene declined slightly this week. On the 25th, the average price of pure benzene was 4484 yuan / ton; on the 29th, the average price of pure benzene was 4456 yuan / ton, down 28 yuan / ton or 0.62% from last week. This week, the market price of hydrobenzene in Shandong remained stable, at 4075 yuan / ton. N-butane prices stopped falling and recovered.

3、 Future forecast

Business community maleic anhydride product analysts believe that at present, the maleic anhydride market is in a strong wait-and-see mood, and the downstream just need to purchase, the terminal demand is low, the wait-and-see mood is strong, and affected by the epidemic, the logistics is limited, and the price is expected to be sorted out in a short time.

Trend analysis

According to the data monitoring of the business association, the price of cobalt rose sharply in January 2020, and the market of cobalt recovered to rise in the new year. As of January 30, the cobalt price was 324666.66 yuan / ton, up 19.07% from 272666.66 yuan / ton at the beginning of the month (January 1); the new year’s Cobalt market ushered in a sharp rise, the biggest increase since March 2017.

Trend of cobalt price in LME Market

It can be seen from the LME cobalt price trend chart that the LME cobalt price rose sharply in January. After a year’s fluctuation adjustment of cobalt price in 2020, the global cobalt market recovers in the new year, and the international cobalt price re welcomes the surge. The rise of international cobalt price is good for the domestic cobalt market, and the domestic cobalt market has increased momentum.

Domestic mobile phone production and sales data

According to the data released by China Academy of information technology, in December 2020, the total shipment of domestic mobile phone market was 26.595 million units, a year-on-year decrease of 12.6%; from January to December, the total shipment of domestic mobile phone market was 308 million units, a year-on-year decrease of 20.8%. In December 2020, the domestic market 5g mobile phone shipment was 18.2 million, accounting for 68.4% of the mobile phone shipment in the same period. According to data released by IDC, mobile phone shipments in the fourth quarter of 2020 reached 385.9 million units, a year-on-year increase of 16 million units. In December, the sales of mobile phones declined, but the year-on-year decline was reduced. The decline of mobile phone market shipment slowed down, and the mobile phone market showed an upward trend. The rising global mobile phone shipment in the fourth quarter eased the tension in the mobile phone market. 5g mobile phones are gradually gaining strength, and the mobile phone market may usher in a wave of replacement. 5g mobile phones will become a new growth point in the market. However, the sales of mobile phones in the whole 20 years still have a large decline compared with that in the 19 years, and the mobile phone market will be in a better shape The market has limited support for the cobalt market. With the outbreak of 5g mobile phones, the mobile phone market is expected to rise in 2021, and the demand for cobalt is expected to rise sharply, which is more favorable for the cobalt market.

Domestic new energy vehicle market

According to the statistics of China Automobile Association, in December, the production and sales of new energy vehicles were 235000 and 248000 respectively, with a year-on-year growth of 55.7% and 49.5% respectively. In 2020, the production and sales of new energy vehicles will be 1.366 million and 1.367 million respectively, with a year-on-year growth of 7.5% and 10.9% respectively. The annual market is better than expected. The rise of new energy automobile industry in the weak environment of automobile industry reflects the prospect of new energy automobile industry, and also indicates that new energy automobile has entered an outbreak period. New energy automobile is expected to enter a surge period in the 21st year. China Automobile Association predicts that the sales volume of new energy automobile will increase by 40% in 2021. The explosion of new energy vehicle industry and the surge of demand in cobalt market are favorable to the cobalt market, and the rising power of cobalt price is increased.

Global new energy vehicle market

According to EV volumz, a global electric vehicle research company, in December 2020, the global sales volume of electric vehicles was 590000, an increase of 40% on a month on month basis. In 2020, the global sales of electric vehicles will be 3.24 million, up 43% year on year. The global sales of new energy vehicles soared, which was good for the global cobalt market, with sufficient support for the rise of cobalt price.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that since the new year, the cobalt market seems to be getting “stimulant”, the cobalt price has soared, and the cobalt market is booming again. But can the cobalt market last long, and what’s the space for the cobalt price to rise in the future? It still deserves our attention. From the demand side, there are signs of recovery in the mobile phone market, which is good for the cobalt market, but the overall production and sales of the mobile phone market are still slightly insufficient, with Limited good for the cobalt market, and insufficient power for the cobalt price to rise in the future; with the soaring demand for new energy vehicles, there is sufficient power for the cobalt market to rise, but the continuous growth of the sales volume of new energy vehicles in the second half of 2020 does not bring a corresponding rise to the cobalt price It remains to be seen whether the price rise is a retaliatory rise or a surge in demand. The recovery of the global cobalt market also plays a stimulating role in the domestic cobalt market, which is generally good, but it still needs time to test the global cobalt Market’s recovery of 19 years. On the whole, there is sufficient momentum for the rise of cobalt market, and there is still room for the rise of cobalt price in the future, but the demand of cobalt market is still difficult to support the continuous rise of cobalt price. It is expected that the rise of cobalt price in the future will slow down, and the cobalt price will rise slowly in February.

Price trend

According to the data monitoring of the business association, affected by the shortage of acetic acid, the market of acetic anhydride rose sharply in January, and the price of acetic anhydride rose sharply. As of January 30, the price of acetic anhydride was 8133.33 yuan / ton, up 9.91% from 7400.00 yuan / ton in early January. The price of acetic anhydride rose for four consecutive months.

Acetic acid price trend

As can be seen from the price trend chart of acetic acid, the price of acetic acid rose sharply in January, and the cost of raw materials for acetic anhydride rose. Because the acetic acid enterprises stop to reduce the load more, the operating rate of acetic acid is low, the supply of acetic acid is insufficient, the shortage of acetic acid is increasing, the rising power of acetic acid is increasing, the cost of acetic anhydride is rising, and the rising power of acetic anhydride is increasing.

Methanol price trend

It can be seen from the methanol price trend chart that the methanol price fluctuated and adjusted in January, the overall methanol price fell slightly, the methanol price of acetic anhydride raw material was stable, the acetic anhydride cost was stable, and the power of acetic anhydride rising was limited.

Monthly rise and fall of acetic anhydride price

From the monthly K-bar chart of acetic anhydride price, it can be seen that the price of acetic anhydride has increased for four consecutive months since October 2020. Affected by the decline of equipment start-up of acetic anhydride enterprises and the rise of raw material costs, the price of acetic anhydride has been rising continuously since October 2020, and the price of acetic anhydride remains high.

Market summary and future forecast

Bai Jiaxin, an acetic anhydride data analyst at business news agency, believes that the sharp rise in acetic acid prices has driven the rise in acetic anhydride prices. However, with the stable equipment start-up of acetic acid enterprises, the shortage of acetic acid has been alleviated. With the loss of support, the price of acetic acid is expected to stabilize or fall in the future, the cost of raw materials for acetic anhydride is declining, and the price of acetic anhydride is out of support. Moreover, with the coming of the new year, the number of acetic anhydride downstream enterprises is increasing, the downstream customers are more resistant to high price acetic anhydride, and the driving force of acetic anhydride rising is weakened. Generally speaking, the cost support of acetic anhydride in the future is insufficient, the demand support is declining, the price of acetic anhydride is weak and stable before the year, and acetic anhydride may face retaliatory growth after the year.

Price trend

According to the data monitoring of business association, the plasticizer DOP market recovered this week, and the price of DOP rose slightly. As of January 30, the DOP price was 9550.00 yuan / ton, up 1.60% from 9400.00 yuan / ton at the beginning of the week.

Upstream market of industrial chain

It can be seen from the price trend chart of isooctanol that the price of isooctanol fluctuated and rose this week, the transaction of isooctanol was good, the price was firm, the overall market of isooctanol was firm, the cost of DOP raw materials fluctuated and rose, the rising power of DOP increased, and the downward pressure weakened.

It can be seen from the trend chart of phthalic anhydride that the price of phthalic anhydride rose slightly this week, the market of phthalic anhydride recovered, the cost of raw material phthalic anhydride of DOP rose, the downward pressure of DOP weakened, and the upward momentum increased.

Downstream market of industrial chain

It can be seen from the PVC price trend chart that this week, PVC prices rose, PVC market recovered, DOP demand rose, DOP downstream market recovered, plasticizer DOP market increased.

Market summary and future expectation

Bai Jiaxin, DOP data analyst of business news agency, believes that this week, DOP raw material ISO octanol and phthalic anhydride prices fluctuated, DOP raw material costs rose, DOP price rising momentum increased; downstream PVC market recovered, DOP demand increased, DOP rising momentum increased. DOP enterprises started at a low level, and the operating rate was maintained at about 60%. Generally speaking, the DOP cost rises, the DOP rising power increases, the downstream market rises, and the DOP market warms up. DOP prices are expected to rise in the future. With the increase of DOP enterprises, DOP prices tend to stabilize.

Price trend

According to the data monitoring of business news agency, the quotation of o-benzene fell in January, while the domestic market of o-benzene fell. With the recovery of upstream and downstream market, the price of o-benzene may hit the bottom and rebound. As of January 30, Sinopec’s price of o-xylene was 4700.00 yuan / ton, down 300 yuan / ton or 6.00% compared with 2000 yuan / ton of o-xylene at the beginning of the month (January 1).

Upstream market of o-benzene

It can be seen from the price trend chart of mixed xylene that the price of mixed xylene rose sharply in January, with an increase of 9.90%. The price of mixed xylene continued to rise, the cost of o-benzene rose, the support for the rise of o-benzene was obvious, and the power of o-benzene rise increased.

Trend of downstream products

From the price trend chart of phthalic anhydride, it can be seen that the price of phthalic anhydride first fell and then rose in January. Although the price of phthalic anhydride still fell slightly, the overall market of phthalic anhydride rebounded from the bottom, the market of phthalic anhydride rebounded at the end of the month, the market of o-benzene improved, and the price of o-benzene increased.

Future forecast

Bai Jiaxin, an o-xylene data analyst of business news agency, believes that in January, the price of mixed xylene continued to rise, the cost of o-xylene increased, and the price of o-xylene fell due to the drop of phthalic anhydride price, but the pressure of o-xylene rising continued to increase; at the end of the month, the price of phthalic anhydride rebounded, the demand of o-xylene rose, the rising power of o-xylene was released, and the rising power of o-xylene increased. It is expected that o-xylene bottomed out and rebounded, and the rise in price.

According to the data monitored by the business club, as of January 28, the comprehensive price of PC market was 19833.33 yuan / ton, the PC market was stable and rising, the overall market was stable, the purchasing atmosphere was general, and the wait-and-see atmosphere was strong.

The domestic PC market negotiation center is stable, the overall trend is stable, the price is firm, the downstream just need to take orders, and the wait-and-see atmosphere is strong. At present, the domestic spot supply is normal, the enterprise operating rate is normal, and the inventory is normal. At present, the shipment is smooth, and near the Spring Festival, the willingness of traders to prepare goods is general, and there is no obvious improvement

The upstream bisphenol a market as a whole was stable and on the upper side, the supply of spot goods was tight, the focus of market negotiation was stable, and the reference negotiation was around 17100-17200 yuan / ton.

On January 27, the rubber and plastic index was 710 points, which was the same as yesterday, decreased by 33.02% compared with 1060 points (2012-03-14), the highest point in the cycle, and increased by 34.47% compared with 528 points, the lowest point on April 6, 2020. (Note: period refers to the period from December 1, 2011 to now)

Business community PC analysts believe: it is expected that the PC market will be stable in the short term. (the above prices are provided by major PC manufacturers all over the country and sorted out and analyzed by business PC analysts. They are for reference only. Please contact relevant manufacturers for more details.)

Price list of aluminum ingots

According to the data of business news agency, the average market price of domestic aluminum ingots in East China on January 27 was 14910 yuan / ton, down 5.19% from 15726.67 yuan / ton at the beginning of the month (January 1).

The recent pressure on aluminum price is mainly based on two factors

1. The price of aluminum is high in the early stage, the profit of aluminum plant is high, and the output of aluminum moves up

According to the data of the National Bureau of statistics, in 2020, the domestic aluminum production accumulated to 37.08 million tons, exceeding the record high of 35.802 million tons set in 2018, setting the highest annual record. In December 2020, the primary aluminum production was 3.27 million tons, up 2.8% on a month on month basis. It exceeded the record high of 35.802 million tons set in 2018.

In the early stage, the price of aluminum was high, the profit of aluminum plant was high, and the operating rate moved up.

2. Aluminum ingots are slightly accumulated in the off-season of aluminum consumption

At present, as the end of the year is approaching the low season of aluminum consumption, the demand of the downstream is increasing, and the social inventory of aluminum ingots is accumulating. The social inventory of electrolytic aluminum was 688000 tons, up from 600000 tons in early December.

Near the end of the year, some aluminum profile enterprises have holidays ahead of time, and the aluminum price goes down horizontally, so there is little demand for stock preparation.