September 1, 2023:
The current week has witnessed a strengthening in the price of the aluminum market. Buyers, concerned about escalating prices, are primarily focusing on demand-driven purchases, resulting in an overall decrease in trading volume. Expect robust activity in aluminum ingots for the upcoming week, and it is crucial to closely monitor the popularity of market funds.
July 03, 2023:
Spot prices are relatively firm, with a decline in speculative demand and downstream purchases primarily catering to immediate needs. This has led to subdued market activity. Anticipate a lack of transactional support next week, with prices expected to remain stable.
May 19, 2023:
This week, the spot price of aluminum alloy ingots rebounded following a sharp decline. Downstream demand persists, and overall transactions remain acceptable. Downstream aluminum die-casting enterprises will continue to procure on demand, facing weak orders but high production costs.
March 03, 2023:
The current demand is still in the recovery stage, with decreasing spot inventory providing strong support on the cost side. This week, aluminum alloy ingot prices from manufacturers underwent minor adjustments, and the overall market transaction atmosphere was moderate. With the acceleration of downstream demand recovery, increased terminal price inquiries, and a strong inclination towards speculative demand shipping, next week’s market price is forecasted to be robust and stable.
December 09, 2022:
With the relaxation of epidemic prevention and control measures, the production of some alloy plants concludes this month. The overall futures market is expected to be weak, and the supply of low-priced imported aluminum alloy ingots remains constrained.
November 25, 2022:
The price of aluminum alloy ingot ADC12 remains stable this week with minimal fluctuations. Currently, renewable aluminum alloy ingot enterprises are maintaining low inventory operations. The tension between high costs and low demand persists, and downstream aluminum die-casting enterprises continue rigid demand procurement.
October 14, 2022:
Market demand is average, and most purchasers are adopting a wait-and-see approach. This situation is attributed to two factors: the outbreak of the epidemic after China National Day and Golden Week 2022, leading to reduced production in many areas, and the upcoming dry season in the south causing a reduction in industrial power supply.
September 16, 2022:
Due to a power supply shortage, some electrolytic aluminum plants are compelled to reduce production capacity or undergo maintenance shutdowns. Certain aluminum companies have decreased total power consumption by 10% as per government requests. Temporary closures of factories in Ningbo, influenced by Typhoon “Meihua,” have affected coastal port cities, including Qingdao.
August 26, 2022:
Aluminum alloy ingot enterprises in South China are grappling with challenges on both fronts: high production costs and low demand expectations. Additionally, the East China recycled aluminum market is significantly impacted by the Jinchuan COVID-19 epidemic, leading to blocked goods transportation and incomplete restoration of some smelters’ capacities. This intensifies the market shortage, making it difficult for enterprises to replenish stock, resulting in a general decrease of about 1/3 in most enterprises’ purchases. The supply in South China and southwest markets is tight, prompting manufacturers to seek additional raw materials. In Central China, transaction levels have also decreased due to surrounding market transportation controls and other factors.