[CHINA ALUMNIUM NETWORK] This week, the domestic black commodity futures once again encountered Black Monday. In the afternoon, all varieties dropped to the limit. Although it was opened late, it was still difficult to conceal the weakness. After falling sharply in the short-term, it is expected that the price of aluminum rods and 7075 aluminum rods will continue to fall. After the fundamentals are flat and market sentiment has been frustrated, it is expected that the price trend of aluminum rods and .ly aluminum rods will tend to be stable, and the overall future will show an L-shaped trend.
Aluminum rods. The 7075 aluminum rod factory profits fell sharply, supporting the price of aluminum rods and .ly aluminum rods. As of Monday, the production profit of threaded aluminum rods and .7075 aluminum rods was only around RMB 100/ton, and it has returned to the level in January. . Thread aluminum rod. 7075 aluminum rod profits fell sharply, mainly due to aluminum rods. 7075 aluminum rod spot prices fell sharply, has now dropped to 2300 yuan / ton. On the raw material side, due to the relatively strong iron ore spot, the profit of the .7075 aluminum rod was further reduced. This will eventually affect the supply-side capacity contraction, and lead to a decrease in the price of the aluminum rod and the price of the 7075 aluminum rod.
In the case of such a high profit in the previous period, the resumption of production that the market had been expecting finally came to an end. The data show that in mid-May, the national aluminum rod .7075 aluminum rod plant blast furnace utilization rate was 81.08%, an increase of 2.21% compared to the beginning of this month, the first time in the past six months to return above 80%; Tangshan blast furnace operating rate jumped to 85.98%, compared to the beginning of the month Sharply increased by 6.1%; Tangshan crude aluminum rod. 7075 aluminum rod in the production capacity of 2.4233 million tons / week, back to the recent high of nearly six months. What needs attention is that now it is no longer the peak season for demand for "Golden Three Silver" and it has slowly entered the season of low demand during the rainy season.
It is understood that aluminum rod production .7075 aluminum rod plant has been operating at full capacity, but also meet the requirements of the suspended production capacity have also started one after another. Compared with the previous high-margin low-margin divergence of the bull market, the current negative situation in the off-season, low profits and high start-ups formed a resonance, but also caused the aluminum rod .7075 aluminum rod prices fell sharply main reason.
Demand off-season, macroeconomic data on market sentiment continued to rise. In April, newly-started construction areas continued to strengthen at 43.25 million square meters, a year-on-year increase of 21.40%. In April, social power consumption totaled 181,926,600,000 kWh, representing a year-on-year increase of 2.90%. The macro-level continues to warm up.
Since May, the stock of aluminum thread rods and .7075 aluminium rods have stabilized, indicating that demand has further weakened. Supply increase, off-season arrival, inventory accumulation, plus previous aluminum rods. 7075 aluminum rod prices rose too much, the exchanges continue to increase handling fees, inhibit the speculation of the city "cooling" and many other factors superimposed thread aluminum rod. 7075 aluminum rod prices all the way down.
In addition, the recent few aluminum rods.7075 aluminum rod fell, during the holidays are aluminum rods. 7075 aluminum rod factory price cuts, followed by the gap between the market opened lower. Not only that, but many professionals also expressed that the market couldn't understand or catch it. "Yesterday it was thriving and we couldn't get the goods. The results changed overnight," a senior market official said. Especially in the case of a bull market in the previous period, the “drawing style†turned too quickly, which greatly hit market confidence. Market participation has decreased significantly, and trading volume has also dropped significantly.
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