(1) storage
On February 25th, 2008, 65438, the State Reserve Bureau announced that it had collected 290,000 tons of aluminum ingots from aluminum production enterprises, including China Aluminum Company150,000 tons. Seven companies including Qingtongxia Aluminum Group Co., Ltd., CLP Huolinhe Coal and Electricity Group Co., Ltd., Yunnan Aluminum Co., Ltd., Henan Wanji Aluminum Co., Ltd., Qinghai Qiaotou Aluminum Co., Ltd., Henan Shenhuo (Group) Co., Ltd. and Shanxi Guan Aluminum Co., Ltd. each received 20,000 tons, and the purchase price was12,350 yuan/ton, which was about 65,438+higher than the spot price at that time.
On February 19, 2009, China State Material Reserve Bureau opened the bid at 9: 00 am, and the procurement scale was 400,000 tons. The price will be determined according to the market price, which is about 12500 yuan/ton. The payment period of the State Reserve Bureau is two months, and the scope of this purchase is larger, exceeding the previous eight times.
By 2009, the State Reserve Bureau had collected and stored 590,000 tons.
Since the second half of 20 12, the domestic electrolytic aluminum inventory has increased sharply. The spot inventory has exceeded 165438+ 10,000 tons, and the exchange inventory is close to 500,000 tons. However, the spot price once fell to about RMB14,300 per ton, which has fallen below the production cost of most enterprises, thus causing large domestic electrolytic aluminum enterprises to stop shipping or even limit or reduce production. In this context, the state and some local governments started the storage of primary aluminum, with the first batch of 65,438+10,000 tons and the second batch of 300,000 tons. Beneficiary enterprises mainly include China Aluminum and China Power Investment Corporation.
(2) Dumping
Under the pressure of inflation, the government began to intervene in prices frequently on 2010-1,and the State Reserve Bureau, as one of the participating departments of national macro-control, has recently intensively sold basic metals to prevent prices from rising too fast. This time, two batches of aluminum were dumped, 95,700 tons and117,000 tons respectively, totaling 212,700 tons.
Therefore, in the case of only considering the public storage and release of the State Reserve Bureau, and not considering the state reserve wheel depot, in 2008-20 13, the State Reserve Bureau publicly stored 990,000 tons of aluminum ingots, dumped 2 1.27 million tons, and the net storage and purchase was about 780,000 tons.
Market review on March 23rd 202 1:
The price of aluminum fell in the early stage because the market speculated that China might put aluminum in the national reserve;
(1) On Tuesday morning, the price of aluminum in the intraday trading recorded a sharp drop, and the Shanghai futures contract hit a limit, because the market speculated that China might put some state-owned aluminum into the market;
(2) The aluminum price of Shanghai Futures Exchange once fell by 6% to 16, 480 yuan RMB/ton, Beijing time1:22 16975 RMB; At the same time, the price of LME aluminum in London fell by 2.8% to $2,207.50 per ton;
Wang Rong, an analyst at Guotai Junan Futures, said that although the official documents were not seen, the market trend is reflecting the speculation on the launch of the State Reserve; Up to now, the above rumors have not been confirmed by any official news.