May 27 Shandong Xinqiujing Metal Material Co., Ltd. aluminum market share
发布时间:
2023-05-27 14:21
On the domestic front, the latest economic data is mediocre, and the pace of economic recovery is sluggish, but there is no sign of a recession. Pay attention to the follow-up policy stimulus. On the supply side, domestic hydropower production capacity is still subject to major constraints. Statistics from the Bureau of Statistics show that aluminum production decreased month-on-month in April. Yunnan currently has no plan to resume production, and the pace of resumption of production in Sichuan, Guizhou and other places is slow.
Moreover, the resumption process of electrolytic aluminum enterprises is relatively long, and it is expected that the pace of resumption of production in May will still be relatively slow. In addition, the probability of extreme weather this year has increased, and it is expected that the shortage of hydropower will drag down the production of electrolytic aluminum throughout the year. Overseas, under the current weak economic performance, there are still aluminum factories gradually shutting down, and the scale involved is relatively limited. In terms of demand, the performance of real estate completion is still optimistic, the demand for photovoltaics continues to rise, and attention is paid to the increase in automobile-related policies. There are still potential benefits in the downstream of aluminum, but the pace of cashing out is slow. In terms of cost, the support has been weakened due to the drop in electricity prices driving down the cost of electrolytic aluminum, but the release effect of high profits on production is limited. On the whole, although the good news on the demand side is slow to materialize at present, the constraints on the supply side of aluminum are still relatively clear, and the superimposed domestic inventory is low, and there is support below the aluminum price.
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