Ministry of Industry and Information Technology: Aluminum prices continued to run at a high level in the first quarter, up 37% year-on-year

A few days ago, the Ministry of Industry and Information Technology released the operation of
the aluminum industry in the first quarter of 2022.

First, the output remains stable
.
According to data from the National Bureau of Statistics, in the first quarter, the output of alumina, electrolytic aluminum and aluminum was 18.
624 million tons, 9.
633 million tons and 13.
937 million tons, respectively, down 3.
5%, 0.
4% and 0.
5%
year-on-year.

Second, the normal range of inventory fluctuations
.
According to industry analysts, the social inventory of aluminum ingots at the end of March was 1.
062 million tons, down 13.
9% from the same period last year, fluctuating
within the normal range.

Third, the price continues to run
at a high level.
According to statistics from the China Nonferrous Metals Industry Association, in the first quarter, aluminum prices continued to run at a high level, with an average spot price of 22,187 yuan / ton, up 37%
year-on-year.

Fourth, bauxite imports increased year-on-year, and smelting product imports decreased
year-on-year.
According to data from the General Administration of Customs, in the first quarter, bauxite imports were 32.
702 million tons, a year-on-year increase of 20.
4%; Alumina (physical quantity) imports were 603,000 tons, down 20.
2% year-on-year; The import of aluminum scrap and scrap was 318,000 tons, a year-on-year increase of 44.
5%; Unwrought aluminum imports were 97,000 tons, down 71%
year-on-year.
In the first quarter, aluminum exports were 1.
51 million tons, a year-on-year increase of 22.
9%.