Emergencies affecting the production capacity of the aluminum market triggered a sharp rise in aluminum prices

In terms of spot, the transaction price of Shanghai Wuxi market is between 14230-14240 yuan / ton, the opposite plate premium is 10-20 yuan / ton, and the spot price in Hangzhou is around
14270-14290 yuan / ton.

In terms of inventory, LME aluminum stocks were 962,350 tons, down 6,900 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 147097 tons, down 1,579 tons
from the previous trading day.

On August 19, 2019, China's electrolytic aluminum social inventory was 1.
049 million tons, down 02,000 tons from last week, 259,000 tons year-to-date, and 732,000 tons
less than the same period last year.

Aladdin (ALD) learned that Xinjiang Xinfa stopped more than 90 units due to the leakage of electrolytic cells in mid-to-late July, and then the scope of the accident expanded, and about 500,000 tons of production was stopped as of the 16th, and it is currently being fully inspected, and it is uncertain
when to restart.

Coca-Cola's drinking water brand Dasani will also be packaged in aluminum cans and bottles
.
The company expects to launch Dasani in cans later this year and aluminum bottles in the middle of next year to increase the use of recyclable materials and reduce plastic waste
.

Yesterday, Xinjiang Xinfa broke out an emergency, affecting the production capacity of electrolytic aluminum by 500,000 tons, triggering a sharp rise
in aluminum prices.
In the context of low production capacity itself, frequent emergencies impact fragile output, superimposed on the peak season is about to open, resulting in less supply, faster destocking, and providing the basis for aluminum prices to rise
.