Price list of aluminum ingot

PVA

According to the data of business agency, the average price of domestic aluminum ingot Market on August 31 was 14776.67 yuan / ton, a decrease of 1.55% compared with the average market price of 15010 yuan / ton at the beginning of the month (August 1); compared with the valley value of average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 1.53%; compared with the valley value of average market price in the year (March 24), 11230 yuan / ton, an increase of 31.50%.

 

In August, the price of aluminum ingots fell first and then rose, with a range of 14400-15000 yuan / ton.

 

Supply and demand in August

 

1. Social inventory rose slightly after sharp decrease

 

In August, the social inventory of electrolytic aluminum increased slightly, and the inventory decreased slightly in the fourth week. According to statistical data, as of August 28, the domestic electrolytic aluminum social inventory (including SHFE warehouse receipt) totaled 755000 tons, a weekly decrease of 7000 tons compared with 762000 tons on August 20, and an increase of 53000 tons compared with the 702000 tons on July 23.

 

2. Good news on raw alumina

 

In mid August, according to Norsk Hydro’s official website, maintenance of the ore pipeline at its paragominas bauxite mine in Brazil was suspended. The pipeline will return to service within two months. Hydro said the overhaul will affect the alumina plant’s output reduction, which is expected to reach 35% – 45% of the total annual capacity. Official data show that the plant has an annual capacity of 6.3 million tons.

 

POLYVINYL ALCOHOL

The short-term supply of alumina has sharply decreased, and the current aluminum price is strong, and the enthusiasm of alumina market speculation is rising. In terms of cost, it supports the strong operation of price to a certain extent.

 

3. The recovery trend of downstream consumption continues to improve

 

In July, the production and sales of automobiles completed 2.201 million and 2.12 million, respectively, with a year-on-year growth of 21.9% and 16.4%; from January to July, the production and sales of automobiles reached 12.314 million and 12.365 million, respectively, down 11.8% and 12.7% year-on-year.

 

Future forecast

 

In the third quarter, the market is expected to have a peak consumption season, and the future market is dominated by strong shocks. It is estimated that the aluminum ingot price range in September is 14500-15500 yuan / ton.

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