The reporter learned from relevant people in the electrolytic aluminum industry that due to the low inventory in China's foreign market and the recovery of downstream demand, the profits of electrolytic aluminum production enterprises are at a historically high level, with a profit of about 5000 yuan per ton of aluminum, and the profits of some enterprises in Xinjiang are close to 7000 yuan / ton. At the beginning of March, the profit per ton of Chinese aluminum enterprises once exceeded 5000 yuan, approaching the peak level in 2021.
Analysts pointed out that internationally, the sharp rise in European energy costs has aroused market concerns about the reduction of non-ferrous metal production in Europe, and the supply chain disturbance has temporarily offset the adverse impact on the hawkish statements of Fed officials. In China, there are outbreaks in many places. The production of aluminum downstream processing enterprises has been reduced in Binzhou, Shandong, Quanzhou, Fujian and Tianjin. Most parts of China are affected by the epidemic and transportation is limited. In terms of inventory data, on March 25, LME aluminum inventory recorded 678100 tons, a decrease of about 5.19% compared with last week (inventory has continued to decline this year); The total inventory of SHFE aluminum in this period was 308900 tons, a decrease of about 7.45% compared with last week.
According to the theme database of financial Associated Press, among the relevant listed companies:
Yunnan Aluminium Co.Ltd(000807) mainly engaged in bauxite mining, alumina production, aluminum smelting, aluminum processing and carbon production for aluminum, and built a complete industrial chain integrating bauxite alumina carbon products electrolytic aluminum aluminum processing.
Henan Shenhuo Coal&Power Co.Ltd(000933) the main products of aluminum business are electrolytic aluminum and electrolytic aluminum deep processing products, among which electrolytic aluminum products are aluminum ingots, which are mainly used in construction, power, transportation and other industries; Electrolytic aluminum deep processing products mainly include cast roll, cold roll and aluminum foil, which are mainly used in building materials, packaging, household appliances, printing and other industries.
