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The trend of aluminum prices is sluggish, and 30% of enterprises are losing money. Some companies have announced that they will reduce production by 15%.
- China Aluminium Network
- Post Time: 2022/11/2
- Click Amount: 462
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【Aluminum Road Network】
Recently, a reporter from Futures Daily learned that due to the arrival of the heating season and the recent sluggish aluminum price trend and poor corporate profits, the three aluminum plants in Henan, involving a total production capacity of 1.09 million tons of electrolytic aluminum, plan to reduce production by 10%-15%, which is expected to affect the annualized production capacity of 11%. about 10,000 tons. The company said that it will stop the tank in the near future, reduce production in mid-term, and the time for resumption of production is to be determined.
It is understood that since the beginning of this year, the electricity price cost of electrolytic aluminum enterprises in Henan has been relatively high, and the total cost of electrolytic aluminum enterprises in the province has exceeded 19,000 yuan / ton. At the current aluminum price, most enterprises in the province are in a state of loss. In addition, judging from the three quarterly reports recently disclosed by listed companies, the profitability of the domestic electrolytic aluminum industry has fallen sharply in the third quarter of this year due to slowing demand, falling aluminum prices, and rising electricity costs and pre-baked anode prices. The gross profit margin of 8 listed companies in the domestic electrolytic aluminum industry dropped by an average of more than 10 percentage points year-on-year and an average of about 5 percentage points month-on-month. The industry's prosperity has dropped significantly.
Liu Xiaolei, director of the big data department of Shanghai Nonferrous Metals, said that due to the decline in aluminum ingot prices and rising costs, about 25% to 30% of electrolytic aluminum enterprises lost production in the third quarter.
The data shows that the average price of Q3A00 aluminum in 2022 is 18,394.46 yuan / ton, a decrease of about 10.79% month-on-month and a year-on-year decrease of about 10.43%. The fall in aluminum prices had a certain impact on the third-quarter performance of listed companies in the industry.
In addition, rising costs are also an important reason for the decline in industry profits. A report shows that among the three major cost components of electrolytic aluminum, alumina, electricity and carbon anodes are Source:
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