Price list of aluminum ingot

 

According to the data of business agency, the average price of domestic aluminum ingot in East China market on September 30 was 14696.67 yuan / ton, a decrease of 0.09% compared with the average market price of 14710 yuan / ton at the beginning of the month (September 1); compared with the valley value of average market price at the beginning of the year (January 1), 14553.33 yuan / ton, up 0.98%; compared with the valley value of average market price in the year (March 24), 11230 yuan / ton, an increase of 30.79%.

 

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In September, the price of aluminum ingots first fell and then rose. At the end of the month, it fell for two consecutive days, breaking through the earlier shock range (the fluctuation range was 14500-14800 yuan / T), and then the price rebounded. Generally speaking, the price still maintained the horizontal trend.

 

Comparison of the arguments on the situation of electrolytic aluminum in September

 

Multiple arguments:

 

1. The social inventory of electrolytic aluminum decreased month on month in September

 

According to statistical data, as of September 24, the domestic electrolytic aluminum social inventory (including SHFE warehouse receipt) totaled 716000 tons, which was about 39000 tons lower than that on August 28.

 

Short argument:

 

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1. Domestic electrolytic aluminum production capacity moved up month on month in September

 

As of September 28, 2020, China’s electrolytic aluminum production capacity was 42.461 million tons, and the operating capacity was 38.556 million tons, an increase of 565000 tons compared with the previous month. Among them, as of September 28, the new production capacity of electrolytic aluminum in China was 335000 tons, the production capacity was 250000 tons, and the output was unexpectedly reduced by 20000 tons.

 

2. The price of raw material alumina moved down month on month in September

 

In September, affected by the downward movement of overseas alumina prices, although the domestic upstream mines have strong willingness to support prices, the overall market price of domestic alumina still moved down slightly.

 

Aluminum price forecast in October

 

The downstream operating rate is relatively stable. In the later stage, attention should be paid to the bottoming up of raw material alumina price and the downstream export situation. It is expected that the social inventory of aluminum ingot will enter the period of shock platform. The price of aluminum ingot is mainly weak and stable in October, and the price range is 13500-15000 yuan / ton.

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