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Why is aluminum prices soaring nearly high?

Views: 27     Author: Site Editor     Publish Time: 2021-08-17      Origin: Site

Why is aluminum prices soaring nearly high?

Recently, aluminum prices have skyrocketed nearly 10 years. From beer tanks to packaging, the global demand for aluminum has rebounded after the epidemic. As of 2021, the price of aluminum suddenly soared by 31%, and this week aluminum prices reached a high point of $ 2,615 per ton.

Due to the continuous expansion of the country, aluminum has been suffering from overwhelming, and for aluminum, the rise in prices is a gratifying breathing opportunity.


Global aluminum mergers and acquisitions and integration are also surging. Since this year, the Western aluminum industry has completed the merger of the three parties including Russia's aluminum company, and the acquisition of Rio Toro Group for Canada Aluminum Group. The mergers and acquisitions of Bitito acquisition of Libinto acquisitions in the current negotiations will be the history of mining history. M & A.


Aluminum is widely used in canned food, packaging, architecture, and aerospace fields. As the economy continues to expand, it is also used for electric vehicles, including the body of battery packs and high -end models. According to analysts Dintomore, said:"Because the global economy has rebounded extensively, aluminum benefits almost all aspects. "


The reason why aluminum prices are soaring are the first to benefit from the restrictions of supply. The peak of electricity consumption in summer has arrived, and the power load of Southern Power Grid has recently risen sharply. Following Yunnan, after the electricity limit of electricity, the power pressure of Guangxi, Guizhou and other provinces has increased.Yunnan Electroar Aluminum Plant was required to lift the level of 25%to 30%The electrolytic aluminum plant in Guizhou, Guangxi and other regions began to be slightly limited, and some aluminum companies chose to maintain an annual maintenance or reduce the load in advance. In July, electricity restrictions became stricter. Guizhou enterprises even required to cooperate with peaks to use electricity. In the Yunnan area, the production capacity was shut down, and the monthly production reduction exceeded 70,000 tons.

Secondly, demand growth is also one of the reasons why aluminum prices have skyrocketed.On July 28, according to statistics, the domestic electrolytic aluminum social inventory was 765,000 tons, a decrease of 36,000 tons compared with the previous week, especially Wuxi, Shanghai and the South China Sea.Domestic supply suffered "dual control ", and the power limit caused by reducing production was reduced. The annual output was reduced from 40 million tons to 39.53 million tons. In the first half of the year, domestic electrolytic aluminum performed 19.81 million tons, an increase of 9.6%year -on -year.

According to relevant data, it is understood that the prices of aluminum in the first half of the month in July were still stable, and with a slight rise, until the rising trend in the second half of the month was relatively obvious. On July 30, aluminum prices had exceeded the 20,000 yuan mark. Judging from this trend in July, aluminum prices will still be on the rise in August, but the second batch of national reserve aluminum has been put into the market. It is believed that aluminum prices will be controlled in a certain period of time.