Low Inventory Makes Aluminum Prices Hit A New High!

Since late August, the price of aluminum ingots has been rising. Shanghai Aluminum has set a new high in the past 15 years, reaching 22,240 yuan/ton, and Lun Aluminum has set a 10-year high, with a maximum of 2810 points. 

Compared to aluminum ingots price in January this year, the aluminum ingots price increased by almost 50%. Aluminum honeycomb panel which is all made of aluminum materials, also experience large price increase in the past months.Why does the price of aluminum ingots keep rising to refresh history?

Affected by the dual control of energy consumption, Guangxi, Yunnan, Xinjiang and other places have successively introduced policies to determine the problem of production reduction. 

In the future, there will be substantial reductions in the production of electrolytic aluminum production capacity in the future. Among them, Guangxi alumina enterprises have begun to reduce production, superimposing the occurrence of Guinea. 

The coup has caused worries about the supply of bauxite, and frequent supply-side disturbances; the peak season is approaching, aluminum demand is expected to rebound, social inventories are low and in the destocking cycle, and demand support is stable. 

Aluminium maintains the pattern of supply shortage, fundamental support is improving, and aluminum prices continue to hit new highs.

Due to the constantly changed aluminum ingots price, our quotation of aluminum honeycomb panels is only valid for 3-5 days. Aluminum honeycomb panel price can only be fixed after contract signed.