Several Important Reasons That Affect the Price of Aluminum -Luminum Profiles Supplier

Since entering 2021, the price of aluminum is like ca nt stop cars. Now the price of aluminum in August has exceeded 20,000. The hearts of our aluminum profile manufacturers and other aluminum industry employees have been nervous. The price of aluminum materials refreshed records at a time, and our aluminum industry employees were surprised. So, what are the reasons for aluminum prices?

Today, let us analyze some important reasons that affect the price of aluminum materials. Aluminum has become an indispensable metal in our daily life. The price changes are affected by various factors. The main factors are the following points:

1. The output of aluminum materials is constrained by technology, equipment and resources, and generally grows slowly. However, technological breakthroughs may increase in new aluminum mines, which have increased significantly, affecting supply and demand relationship.

2. Inventory amount is another important factor affecting the price of aluminum materials. In different market environments, enterprises have adopted different increases or reducing inventory measures to ensure the raw materials required for production and recycling funds. Control the aluminum market.

3. Because the amount of import and export volume of the domestic supply occupies a certain proportion of the demand volume, the changes in the exchange rate or the changes in import and export caused by other reasons will also affect the supply and demand of aluminum.

4. Aluminum materials are widely used and can replace other materials. However, other materials can also replace aluminum, such as plastic, wood or some new materials in some cases. Therefore, the popularity and application of these aluminum substitutions will also affect the price of aluminum materials.

5. Due to the smelting of aluminum materials, a large amount of electricity resources are required. Therefore, the height of the electricity bill affects refining and the cost of aluminum materials, which affects the price of aluminum.

6. The international political and economic situation is also an important factor affecting the price of aluminum materials. The changes in international and domestic aluminum policies affect the price of aluminum materials.

The above 6 points are the main factor affecting the price of aluminum materials, so the rise in aluminum prices is not achieved overnight. It is caused by a variety of different complex factors.