In the medium and long term, the absolute value of aluminum ingot inventory is high, the cost tends to weaken in the second half of the year, the supply pressure rises and the off-season of consumption comes, so the aluminum price does not have the basis of trend increase.
Since May 20 19, the commodity market turmoil has intensified. The fundamental performance of domestic electrolytic aluminum is acceptable. The newly-added production capacity is slowly put into use, and the downstream demand season is released, and aluminum ingots continue to be destocked. However, after experiencing a sharp rise in the previous period, profits dried up, macro-unstable factors superimposed, and Shanghai Aluminum was weak. The trend of aluminum price in the external market is weaker, the data of European manufacturing industry is not good, LME inventory has increased substantially, Rusal has returned to the market due to the lifting of sanctions, and Hyderabad may resume production ahead of schedule, which has greatly suppressed the aluminum price in the external market.
Extended data
First, the classification of aluminum ingots.
According to different compositions, aluminum ingots can be divided into remelted aluminum ingots, high-purity aluminum ingots and aluminum alloy ingots. According to the shape and size, it can be divided into strip ingot, round ingot, flat ingot and T-shaped ingot.
Second, several common aluminum ingots
Aluminium ingot for remelting-15 kg, 20 kg (≤ 99.80% Al).
T-shaped aluminum ingot -500 kg, 1000 kg (≤ 99.80% Al).
High purity aluminum ingot-L0kg, 15kg (99.90% ~ 99.999% Al).
Aluminum alloy ingot-10 kg, 15 kg (aluminum silicon, aluminum copper, aluminum magnesium).
Ingot -500 ~ 1000 kg (for plate making).
Round ingot-30 ~ 60 kg (for wire drawing).
Chinalco. Comparison of aluminum ingot market from June 5, 2008 to 10.