-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
In 2020, aluminum prices bottomed out and rebounded, showing a wide V-shaped reversal trend
.
At the same time, the center of gravity of the price throughout the year has risen significantly compared with 2019, and the fluctuation range has also expanded relatively widely
.
From the perspective of influencing factors, the global pandemic of new coronary pneumonia has posed a huge threat to the stable operation of the global economy, and the forced changes in human production and life have slowed down the normal economic order
.
At the same time, the macro environment and the continuous changes in stimulus policies also have a profound impact
on aluminum prices during the year.
Before and after the Spring Festival is an obvious accumulation cycle, but this year's pre-holiday reserve factors to consider, the total accumulation range or lower than market expectations, but also to investors psychology a support, but the processing industry will then have certain problems - mismatch of production and demand, pre-holiday production failed to digest in time, to wait for post-holiday digestion, after the holiday according to the current epidemic prevention standards can be started on time is still unknown, that is, part of the aluminum ingot accumulation warehouse in advance into downstream finished product inventory
.
From this point of view, the optimism of the pre-holiday reserve may not be able to continue to the post-holiday, but if the pre-holiday aluminum price rises, it may become a major factor
for bears after the holiday.
Looking forward to 2021, under the fundamental pattern of double increase in supply and demand, through the effective transmission of aluminum price profits to capacity adjustment, the growth trend of the supply side will not change easily once
it is formed.
In the face of increasing supply pressure, demand growth will inevitably be caught up
by supply growth.
When the inflection point of supply and demand occurs, the guidance signal on the inventory side will still be a powerful grip for price reversal
.
In the first half of the year, there will still be a certain supply gap in the domestic market, and the import window will remain open
.
However, in the second half of the year, as the apparent demand is difficult to continue to improve marginally, the pressure of oversupply may put pressure on aluminum prices, and with the reopening of the accumulation cycle, the center of gravity of aluminum prices may shift
down again.
The operating range of aluminum prices throughout the year may be between
14300-17500.
