Market Update: Aluminum Alloy Market

2021-03-30 18:10:09

The first production month after Chinese New Year is coming to the end and the aluminum alloy price has entered a comparatively 'stable' stage of fluctuation. We expect that the price will soon go down to an drab period in the coming two months, since the Chinese factories will soon digested up the accumulated orders from Feb. The overall consumption market in China for aluminum profiles does not seem to cheer up recently. On one hand, the market price stays at high level; on the other hand, the country's restriction policies on property market become more and more stringent. The overseas market, though recovering, lacks the strength for quick expansion due to the high prices and lack of marine shipment capacity.

The good news is that the shipping capacity is recovering, though slowly, and the crazy cost should be quenched in the coming months. Also, the US Dollar regains strength against CNY (China Yuan). These help decreasing the import cost for distributors of aluminum profiles outside China. Also, the vaccines for the pandemic start to show their effectiveness and we believe all the governments would soon launch another round of infrastruture plans so as to boost up their respective economies and help improve the employment situation.