Aluminum market trend
1. Trade name: standard aluminum ingot (99.70)
2. Latest price (October 25, 2019): 14010 yuan / ton
3. Analysis points:
After the sharp reduction of the aluminum price in the early stage, the current price is in the first line of 14000 shock operation. In October, the aluminum price is relatively strong, the aluminum ingot cost support is strong, the superimposed social inventory is significantly lower than that in the early stage, and the overall fundamentals are good. At present, the aluminum ingot price basically reflects the early increase, and it is expected to maintain shock operation in the near term, and pay attention to the actual transaction situation in the market in the later stage.
According to data released by the International Aluminum Industry Association (IAI) on Monday, global aluminum production fell to 5.163 million tons in September, compared with 5.329 million tons in August. Global (excluding China) aluminum production in September was 2.135 million tons, a decrease of 70000 tons compared with August and 6000 tons compared with the same period last year. According to the IAI report, China’s primary aluminum production fell to 2.878 million tons in September, compared with 2.974 million tons in August.
According to customs data, in September 2019, China exported 100300 tons of aluminum foil products, up 2.27% month on month, down 15.08% year on year.
|ferric sulfate (Poly ferric sulphate)|