What Is the Recent Market Price of Aluminum Materials? -Aluminum Profiles Supplier
Author： WJW Aluminum Window Manufacturers
At present, the market price of aluminum materials has continued to rise after the continuous decline in the first quarter of 2020. The global aluminum industry is experiencing high energy prices, which affects metal inventory and demand.
In the first four months of 2020, the aluminum market supply is less than 479,000 metric tons. This is the biggest supply in the past three years. The main driving factor of rising aluminum prices is increased demand, shortage of supply, raw material costs and energy costs. The increase in demand is due to the increase in the new coronary virus epidemic and the increase in demand for finished products and green technology.
In addition, the increase in demand for electric vehicles will continue to promote future demand for aluminum. This will lead to the further increase in the market price of aluminum materials. Energy crisis has led to rising aluminum prices in Europe. The largest smelter in Europe is expected to close its smelter in December. The energy crisis is expected to continue in the next few years and will further cause supply shortage. It is expected that the energy crisis in Europe will continue to cause the supply of supply in the aluminum industry. This metal is necessary for manufacturing building materials. In recent years, this proportion has increased by 15%to 25%.
In addition, the commercial aviation industry is also affected by insufficient demand for passengers, unnecessary workers' orders, and regional travel restrictions. The blockade caused by this also damaged the economy.
Despite the continued tightening of the market, China's industrial sector and real estate market are still weak.
However, the government is increasing their efforts to support the economy.
In addition, China is turning its priority to ideology and trying to fight pollution. The price of aluminum is also affected by the shutdown of the assembly plant in the automotive industry. The aluminum industry is also affected by the commercial aviation industry. The industry has experienced weak passenger demand and orders for non -necessary workers. Great popularity has also caused the industrial sector to block. These blockade also affects the global economy. In the past two years, the market price of aluminum materials has been soaring, and it is expected to continue to rise.
However, people are increasingly worried about supply shortage. This is due to the increase in demand, the decrease in Chinese production, and the increase in energy costs.
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