Aluminum market trend in October

In October, the price of domestic standard aluminum ingots ran smoothly. According to the data of the business agency, as of October 30, the average market price of domestic aluminum ingots was 14013.33 yuan / ton, an increase of 0.10% compared with the average market price of 14000 yuan / ton at the beginning of the month; the valley price appeared on October 15, the average market price was 13786.67 yuan / ton, the peak value appeared on October 9, the average market price was 14080 yuan / ton, taking the initial price as the benchmark price, and the amplitude within the month. It is 2.09%.

Aluminum import and export data in September

Relevant data show that the export volume of unwrought aluminum and aluminum products in September was 430000 tons, a decrease of 40000 tons compared with August, a year-on-year increase of 2.80%, and a year-on-year growth rate of 14.70 percentage points lower than last year. From January to September, China’s total export volume of unwrought aluminum and aluminum materials was 28000 tons, an increase of 9.70% year on year, and a decrease of 16.1% year on year.

According to customs data, in September 2019, China exported 197100 tons of aluminum strip products, down 9.7% month on month, down 20.2% year on year; from January to September this year, China exported 2.01 million tons of aluminum strip products, down 3% year on year.

In September 2019, China exported 100300 tons of aluminum foil products, up 2.27% month on month, down 15.08% year on year; from January to September, China exported 981800 tons of aluminum foil, up 2.55% year on year, and the growth rate slowed down. Among them, the increase in the month on month ratio is reflected in the aluminum foil products with tariff No. 76071110, 76071190 and 76072000, while the aluminum foil products with tariff No. 76071120 and 76071900 decreased by 10.35% and 3.18% respectively.

Aluminum production data in the first nine months

 
According to the data of the Department of raw materials industry, from January to September 2019, the output of main aluminum products increased steadily. The output of alumina, electrolytic aluminum and aluminum products were 55.59 million tons, 26.37 million tons and 37.8 million tons, respectively, up 4.7%, 1.1% and 4.8% year on year. From January to August, the aluminum industry realized a profit of 29.86 billion yuan, a year-on-year increase of 27.6%. Among them, the aluminum mining and processing industry realized a profit of 310 million yuan, a year-on-year decrease of 16.2%. The aluminum smelting and aluminum rolling processing industry realized a profit of 12.25 billion yuan and 17.3 billion yuan, respectively, a year-on-year increase of 75.3% and 7.8%; the export of aluminum materials was 3.53 million tons, a year-on-year increase of 4%, a year-on-year decrease of 9.1 percentage points compared with the first quarter, with a cumulative export of 9.7 billion yuan. USD, down 3.4% year on year.

In addition, according to relevant data, affected by the accident of Inner Mongolia aluminum plant in September and the production reduction of Shandong, Xinjiang and other aluminum plants in August, the overall operation capacity of electrolytic aluminum in September remained low, and the production did not increase significantly. In September, China’s electrolytic aluminum output was 2.892 million tons, a year-on-year decrease of 3.70%.

Policy news

According to the Ministry of industry and information technology on October 28, the Ministry of industry and information technology pointed out in its reply to the recommendation No. 7157 of the second session of the 13th National People’s Congress that, in the next step, it will issue the “aluminum industry standard conditions” as soon as possible to promote the orderly development of the industry; it will work together with relevant departments to further consolidate the work mechanism and the long-term mechanism of legalization of backward production capacity departments, and continue to work in the aluminum industry. The industry carried out special energy conservation supervision on the implementation of the energy consumption quota standard, implemented the requirements of the guidance on promoting the withdrawal of backward production capacity by using comprehensive standards in accordance with laws and regulations, strengthened the elimination of backward process equipment, and promoted the orderly withdrawal of uncompetitive production capacity.