The performance of aluminum is weak and still operating under pressure

Aluminum prices have fallen sharply and have fallen below the cost line, causing some electrolytic aluminum manufacturers to begin to reduce production
.
According to my nonferrous metal network research, electrolytic aluminum enterprises in Guizhou, Shanxi, Chongqing and other places plan to overhaul and reduce production, involving a production capacity of 80,000 tons / year, which does not affect production
capacity.
Due to the large cost of electrolytic aluminum decommissioning and restarting, it is difficult to see large-scale production capacity stopped in a short period of time unless the aluminum price is below the cost for a long time
.

Industry News:

1.
Hydro has updated the production and operation of each section of the company: bauxite & alumina: normal operation, there is a high degree of market uncertainty
.
Energy: Normal operation with a high degree of market uncertainty
.
Primary aluminum: normal operation, there is a high degree of market uncertainty
.
Calendered products: normal operation, but may be affected
by the reduction of production by European downstream customers in the near future.
Extruded products: Most production is running normally, but some of the company's plants in some regions have begun to shut down as
some end markets have been severely affected by the pandemic, particularly in southern Europe.

2.
On March 20th, the 2# ingot production line of Yunnan Shenhuo Casting Branch Factory was successfully
trial-produced under the guidance of the manufacturer's technical personnel.
The foundry branch set up a technical research team, designed the chute from 1# furnace to 2# ingot machine, through hard work, it took only two days to complete the installation of more than 30 meters of aluminum liquid chute, and set the aluminum liquid cut-off switching point between the two chutes of 1# and 2#, realizing the goal that the 1# mixing furnace can be arbitrarily switched between the 1# and 2# ingot casting machines for production, eliminating the hidden dangers of the production process of the ingot machine in time and meeting the production needs
of liquid aluminum continuous ingot casting.

Aluminum prices fell sharply yesterday, Shanghai aluminum intraday approached around 11,000, and Lun aluminum approached
the $1,500 mark.
Short-term non-ferrous metal price trend follows the risk point to standard copper, aluminum due to the overseas automotive industry shutdown, demand has been greatly impacted, the current electrolytic aluminum has fallen below the cost line of the whole industry, the smelting industry has reduced production stoppage, but the scale of shutdown is small, the price is expected to remain under pressure operation, but under the over-fall should not chase short, wait and see.