How Much Is the Price of Industrial Aluminum Than the Same Period Last Year? -Aluminum Profiles Supplier
Author： WJW Aluminum Window Manufacturers
How much is the price of industrial aluminum compared to the same period last year? WJW Aluminum Supplier talks about it today.
Generally speaking, the rise in industrial aluminum prices should not affect the price of other aluminum products. However, it affects the price of the use of aluminum products during the manufacturing process. In some cases, higher prices can increase productivity, which is a possible way to offset the increase in cost.
Although the evidence that supports this idea is half -giving off, it is important to note whether the rise in aluminum prices will cause the reduction of production costs. It is not always clear.
First of all, industrial aluminum is not precious metal. It is rich, can be extended, durable and conductive. It is also the richest metal in the world, and it is indestructible, so the cost of collecting is paid by its use. This makes aluminum the most important metal in the world, and it is almost used for every industry. The aluminum industry is highly integrated, and the output of Canada and the United States far exceeds the output of Canada. In the past few years, the market share has been quite stable, and the aluminum content of can beer is lower than 10%of the US official industry data report. The price difference between the two is not significant in statistics. The differences between the two metals are not so large. Although the 232 tariffs levied by imported aluminum lead to rising aluminum prices, it will harm more to the downstream industry. The rise in aluminum prices will squeeze profit margins and reduce consumer benefits. The rise in prices will force consumers to pay higher prices for goods and reduce purchases.
However, carefully statistical analysis shows that the impact of aluminum prices on beer prices is small or without effect. In terms of capacity, China's aluminum is boosted by huge subsidies. Government support helps to expand its original aluminum industry.
From 2000 to 2017, China's original aluminum production capacity increased by 1400%, accounting for 83%of global aluminum production capacity. Other countries including Russia, the Middle East and Africa provide subsidies for aluminum production.
However, there are many factors that promote the rise in aluminum prices.
