As of April 28, LME aluminum prices hit a high of 2774 US dollars / ton high, continuing the recent upward trend, this year's increase has exceeded 10%; and continue to hit a new high since the financial crisis recovery, rose more than 100 dollars in April / ton, an increase of more than 4%. On the other hand, Shanghai Aluminum, the focus of trading did not rise and fall, from the end of the 17200 / ton, fell to the 16700 first line. Due to the obvious pattern of “external strength and weak insideâ€, the price of aluminum inside and outside is lower all the way, and it has dropped to the lowest point of 6.13.
The strong rise of the outer disk could not drive Shanghai Aluminum, and the domestic continuous profit did not promote the rise of aluminum prices. On April 21, the Ministry of Industry and Information Technology and the nine ministries and commissions announced that they would suspend the construction of an electrolytic aluminum project with a total of 77 billion yuan. The original stimulant that was supposed to be injected into the electrolytic aluminum market with overcapacity is like a mud cow. The reason is that historical experience has shown that the implementation of policies restricting electrolytic aluminum production capacity has been unsatisfactory. In the previously announced non-ferrous metal adjustment and revitalization plan, it is proposed that in the next three years, it is no longer approved to build, rebuild and expand electrolytic aluminum. project. However, the results of the implementation are not ideal, so the impact of this policy on the market is minimal. Not long ago, the National Development and Reform Commission raised the favorable news of the on-grid tariffs of 16 provinces and cities across the country, and could not attract effective funds to actively enter the market.
The strong rise of the outer disk could not drive Shanghai Aluminum, and the domestic continuous profit did not promote the rise of aluminum prices. On April 21, the Ministry of Industry and Information Technology and the nine ministries and commissions announced that they would suspend the construction of an electrolytic aluminum project with a total of 77 billion yuan. The original stimulant that was supposed to be injected into the electrolytic aluminum market with overcapacity is like a mud cow. The reason is that historical experience has shown that the implementation of policies restricting electrolytic aluminum production capacity has been unsatisfactory. In the previously announced non-ferrous metal adjustment and revitalization plan, it is proposed that in the next three years, it is no longer approved to build, rebuild and expand electrolytic aluminum. project. However, the results of the implementation are not ideal, so the impact of this policy on the market is minimal. Not long ago, the National Development and Reform Commission raised the favorable news of the on-grid tariffs of 16 provinces and cities across the country, and could not attract effective funds to actively enter the market.
Shenzhen AMB Technology Co., Ltd , https://www.birdscareled.com