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China's aluminum rod processing fee dropped with stable downstream operation rate
2020-8-3

 

August 3(LTIT) – In July, the processing fees for various types of aluminum rods were generally lower than those in June. As the main consumption places, the processing fees in Guangdong and Wuxi decreased by 140-180 yuan/ton, while those in Linyi, Henan and Baotou decreased by 50-80 yuan/ton. The main reason for the decline is that the aluminum base price is too high, while the consumption of downstream aluminum profile factories is weaker than the previous month.

 

At present, the profit per ton of electrolytic aluminum industry is close to 2000 yuan/ton. Under the background of high profit, the aluminum factory has higher enthusiasm for shipment. Last week, the new orders of leading enterprises in the downstream of aluminum, such as aluminum profiles and strip companies, weakened slightly, but they still could not affect the current production scheduling, and the start-up of recycled aluminum enterprises increased slightly.

 

he automobile consumption at home and abroad has recovered, which makes the performance of secondary aluminum and primary alloy not obvious in the off-season, and its subsequent construction may increase.

 

On the whole, the construction of aluminum downstream processing enterprises is still stable this week, and the backlog of orders will continue to decrease. Inventory is still at a relatively low level. It is expected that the trend of aluminum price will be strong and volatile in the short term, with limited downside.

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