Aluminum prices are still dominated by weak shocks, and the upper and lower space is relatively limited

Industry News:

1.
China Construction Aluminum Henan Company adheres to the dual grasp of epidemic prevention and control and the resumption of work and production, pays close attention to the company's annual work goals and tasks, and strengthens the completion of production tasks is the foundation of Henan Company's survival, and promotes a good start and a good start
in all work this year.
According to the deployment of the headquarters, during the worst period of the epidemic, Henan Company worked hard to prepare for the resumption of work, actively docked with the local government, and became one of the
earliest enterprises to resume production in Dongyang Industrial Park.
As of March 7, China Construction Aluminum Henan Company has produced 5,500 square meters of aluminum molds and 301 tons
of shot blasting.
Nissan has reached its best daily average
last year.

2.
According to the Ministry of Industry and Information Technology, the price of non-ferrous metals industry continued to fluctuate and fall in 2019, and the efficiency of the industry continued to decline
.
The operating income of nonferrous enterprises was 6,004.
2 billion yuan, a year-on-year increase of 7.
1%, and the growth rate was 2.
6 percentage points
higher than the industrial average.
The total profit was 157.
8 billion yuan, down 6.
5% year-on-year, of which the profit of the mining industry was 30.
1 billion yuan, down 28.
4%
year-on-year.
In 2020, the whole industry will continue to deepen the supply-side structural reform, continue to strictly control electrolytic aluminum production capacity, resolve the excess risk of key industries, and consolidate the reform achievements
.

On March 9, the national social inventory of aluminum ingots was 1.
564 million tons, an increase of 880,000 tons
from before the holiday.
As of the end of February, the national electrolytic aluminum operating capacity scale was 36.
6 million tons / year, the annual production capacity was 40.
99 million tons, and the operating rate of the national electrolytic aluminum enterprises was 89.
3%.

The recovery of downstream demand is still slow, and more than 80% of downstream processing enterprises have resumed work, but due to the impact of the epidemic, most aluminum processing enterprises are not willing to stock up and are mainly
wait-and-see.
Aluminum plate and strip processing enterprises have insufficient orders, and the operating rate is around 50%, but foreign trade orders have not been greatly affected, and it is expected that by mid-April, domestic consumption is still in a sluggish state
.
Aluminum rods are released due to the overall demand of downstream cable enterprises, and the overall market transaction is good
.
Orders of aluminum profile enterprises are slowly improving, but there are still problems that affect the start of work due to the difficulty of employees in place, and it remains to be seen whether the full recovery will be completed
.
Overall, the aluminum market is still weak in supply and demand
.