According to a company survey, Huang Fulong, head of the research department of Guangzhou Kaitou Commodity Information Consulting Co., Ltd., said that as of the end of the last week, China’s aluminum stocks were about 300,000 tons, which was higher than the 230,000 tons that had been reached on September 23.
Peng Bo agency quoted a researcher from Shanghai Nonferrous Network as saying that the orders of some manufacturers had decreased by more than 20%, so the aluminum trading after the National Day holiday was very light. "Downstream customers are mainly digesting inventory, so demand looks even lower than in the summer." Not only in China, European aluminum inventories have also increased by 51% this year, and aluminum inventories, which account for nearly half of global aluminum inventories, have also increased significantly. Among them, Detroit's inventory, which accounts for 60% of total US inventory, has risen by 25% this year.
**The transaction is also an important reason for the substantial increase in aluminum inventories. In a typical transaction, a bank buys goods from a producer, holds it for a long time, and sells it at a high price to gain benefits. As a result of the bank's trading problems, almost 70% of aluminum was accumulated in warehouses. Rusal, the world's largest aluminum producer, said that due to the low cost of borrowing, ** transactions have become more attractive, aluminum stocks have soared more than four times since 2010, and about 85% of aluminum stocks are locked in so-called ** In the transaction, it cannot be used by the market.
LME aluminum, which is the benchmark for international aluminum prices, has fallen by 22% this year. On the 19th, LME three-month aluminum closed at US$2181/t; Shanghai ** Aluminium**1112 contract closed at 16,145 yuan/t on the 20th. .
1050 1060 1100 1235 belong to pure aluminum.The content of Al is above 99.5%.Thickness of Aluminum Sheet is from 0.2mm to 200mm.The width is from 500mm to 2000mm and the length is from 500mm to 9000mm.The corrosion resistance of 1050 1060 1100 1235 alloy is the highest among all of the series.But the strength of this kind alloy is not strong enough. Aluminum Coil is widly used.The alloys are 1seiries, 3series, 5series and 8series.The thickness of the Aluminium Coil is from 0.2mm to 200mm.The width are from 500mm to 2200mm.The internal diameters are 508mm,405mm,305mm,150mm and 75mm. The minimum order quantity for each roll is about 2.5metric tons to 3 metric tons.
Aluminium Coil
Cold Rolling Aluminum Coil,Aluminum Foil Coil,Aluminum Coil 3003,Hot Rolling Aluminum Coil
Henan Everwin Trade Co., Ltd. , http://www.ewaluminium.com