Market Update: Aluminum Alloy Market

2021-02-25 16:10:03

In the first week after the long vacation of Chinese New year, the aluminum alloy price rocketed to a 10-year new height since Sep 2011, attributed to the expectation of quantified economies around the world, together with the recovery demand and resumption of China production. Other non-ferrous metal and production raw materials, such as PTA, rubber and plastics, also rose crazily. We expect the uprising trend to go through the whole year of 2021. To where? We still have no idea. However, as the production comes to normalized in April, we do think the craze will calm down for a break somehow.

(Shanhai Future Index, Daily Aluminum)

On the side of international marine shipment, the tense of liners and containers does not seem to ease yet. The shipping cost stays high even though the request from China is not as hot as the rush hour before the long vacation. 

Exchange rate between  USD/RMB still stays drab and keeps struggling around 6.45.

All the factors hold the overseas prices of aluminum profiles in high level.