The reason for the price increase of 2018 aluminum, global and domestic futures and spot prices have risen, while the spot price of aluminum has risen by about 25%. Why is the price of aluminum recently increased?
Why is the price of aluminum recently increased? Supporting the rise in the price of electrolytic aluminum In addition to supply and demand, cost increases are also an important factor. Electricity, alumina and prebaked anodes are the main components of electrolytic aluminum, accounting for about 90% of the total cost of electrolytic aluminum. With the rebound in the prices of bulk commodities and the strictening of environmental protection, the prices of thermal coal, alumina and prebaked anodes have also risen to varying degrees, driving the cost of electrolytic aluminum.
However, the material’s soaring, according to the present, there is still no sign of stopping, so in the near future, the product may usher in a 15 to 30% increase.
Reasons for the price increase of 2018 aluminum: From the perspective of supply and demand, cost and inventory, we believe that the rise in aluminum prices is still possible. I feel that it is inseparable from the recent national environmental protection and production storms. Not only is the price of aluminum alloys rising, but many industries are raising prices. Metal prices are not based on common sense, and downstream industries are about to usher in price surges! ! !