Aluminum Bar Market With Fierce Competition

(China Aluminum Network) The operating rate of aluminum profile factories was 62.85% in June decreased 14.56% yoy, but almost kept balance with last month. According to the newly added orders that the operating rate was about 60% in July.

Aluminum profile factories with low operating rate, and aluminum bar market also in the state of downturn. It is learned that arrived factory processing charges of aluminum bar was 550-600 yuan/ton in Shanghai, 500-550 yuan/ton in Low Yangtze River Valley, the processing charges was dropped 50 yuan/ton. Besides Shandong, Henan and Shanxi, aluminum bar made in Ningxia also sold well in Eastern China.

Since sluggish aluminum consumption, thus aluminum bar, slab ingot and alloy factories in Henan reduced purchasing amount of liquid aluminum. Recently, local aluminum ingot was delivered to the warehouse in Shanghai, Wuxi and Nanhai owing to up aluminum ingot supply level.

Though aluminum bar supply was decreased in Henan, increased in Ningxia with more favorable conditions of sales. In terms of future aluminum bar market, aluminum bar price competition will be more fierce owing to decline in downstream consumption.

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