This week, the operating rate of domestic aluminum downstream processing leading enterprises continued to rise 0.4 percentage points last week to 64.5%, down 0.2 percentage points compared with the same period last year.
View by plates
In the same week, half of the plate operating rate rose, of which the plate industry benefited from the consumption season under the construction, packaging and other terminal demand, driving the leading enterprises operating rate again increased, the highest increase in the operating rate this week.
The growth rate of cables and profiles is in the second or third place, the order delivery of the State grid in April is imminent, the operating rate of aluminum cable enterprises is good, and the orders of the State grid in various provinces and cities are gradually landing, alleviating the problem of insufficient new orders in the early stage;
The construction profile plate continues to improve under the continuous resumption of production of urban villages and other projects in East and South China.
Regeneration and primary alloy plate in the week performance is stable, the demand side is still less than expected, and the recent high aluminum prices also to a certain extent inhibited the enthusiasm of downstream enterprises to place orders, but the primary alloy in the task of improving the proportion of aluminum water alloying and maintain market share driven by the leading enterprises to reduce production intention is low, and even have a production increase plan, and the regeneration alloy after April orders gradually weakened. It is difficult to raise the operating rate.
This week, the aluminum foil market is less volatile, leading enterprises in hand orders are relatively abundant, and the current market demand at home and abroad is strong, and the future operating rate is expected to rebound.
As a whole
In addition to the possibility of subsequent production cuts due to the decline in orders for recycled aluminum alloy, there are still bright spots on the consumption side of most aluminum processing plates, and the short-term start will continue to improve, but the current high aluminum prices may have an impact on the enthusiasm of downstream delivery.
This week, the operating rate of the primary aluminum alloy leading enterprises was stable at 50%. The performance of the primary aluminum alloy market in the week is flat, the demand side is still not ideal, and the recent high aluminum prices have also suppressed the enthusiasm of downstream enterprises to a certain extent. On the supply side, driven by the task of increasing the proportion of aluminum water alloying and maintaining market share, the leading enterprises have low willingness to reduce production, and even have plans to increase production. In the future, the proportion of aluminum water alloying in the country needs to be increased, or it can promote the industry operating rate to continue to rise.
Aluminium strip
This week, the operating rate of leading aluminum strip enterprises rose 1.2 percentage points to 76.4%. Thanks to the consumption season under the construction, packaging and other terminal demand is strong, the weekly aluminum strip market demand is still good, driving individual leading enterprises to increase the operating rate again. Short-term new production capacity is not yet concentrated landing expectations, the downstream market has no signs of violent shocks, leading aluminum plate enterprises operating rate or will run smoothly.
Aluminium cable
This week, the operating rate of leading aluminum cable companies rose 0.6 percentage points to 60.6%. Entering the end of March, aluminum cable leading enterprises to maintain stable operation, in April, the State grid order delivery is imminent, the industry delivery volume gradually increased, driving the aluminum cable enterprise operating rate stable and good. Nowadays, the orders of the national network in various provinces and cities have gradually landed, and the phenomenon of insufficient new orders in the early stage has been alleviated. Affected by the high operation of aluminum prices, the procurement cost of aluminum rods has risen significantly, and the procurement attitude of enterprises is more cautious, mostly based on just need to purchase. As the time enters April, combined with the production scheduling situation of enterprises, it is expected that the operating rate of aluminum cables will continue to rise.
This week, the operating rate of domestic aluminum profile enterprises recorded 62.30%, up 0.80 percentage points from last week. From the perspective of sub-sectors, the construction profile market, the continuation of last week's resumption of urban villages and other projects in East China and South China, has brought about the impact of new orders, and the production rate of enterprises is relatively stable, but the orders are concentrated in leading enterprises, mainly due to the advantages of cost control and capital ability. The industrial profile plate, the new energy industry photovoltaic, automotive stable operation, enterprises combined with the reasonable production of orders in hand. In addition, according to SMM research, after the opening of the industry volume intensified, whether building profiles or industrial profiles processing fees are generally reduced, low price exchange, low price competition is fierce. Overall, the aluminum profile industry is stable this week, and the impact of the peak season still needs to be further tracked.
Aluminum foil
This week's aluminum foil leading enterprises operating rate is still 76.7%. The aluminum foil market fluctuated less during the week, although the rise in aluminum prices hit the enthusiasm of downstream customers to place orders, but due to the relatively abundant order volume of leading enterprises, it has not yet had a significant impact on enterprise production. 3-4 months are the traditional consumption season of aluminum foil, and the current market demand at home and abroad is enough to support the operating rate at a relatively high level, the future aluminum foil leading enterprises operating rate is expected to maintain the status quo or slightly rise again.
Recycled aluminium alloy
The operating rate of leading recycled aluminum enterprises this week was stable at 61.0% compared with last week. Near the end of March, downstream consumption is still not the peak season level, the recent market demand has weakened, and the downstream fear of high sentiment, procurement caution, recycled aluminum manufacturers and traders are more difficult to ship, prices with weak, but rapid decline in prices, market transaction prices are constantly depressed. In addition, the market has pessimistic expectations for orders in April, and demand is expected to decline further than in March, and the inventory pressure of finished products of some manufacturers will increase, or suppress the operating rate of subsequent enterprises. The operating rate of the short-term recycled aluminum industry is expected to be stable or slightly down.
