The impact of fluctuating aluminum prices on aluminum foil production
Recently, because of the impact of the international situation, aluminum prices continue to fluctuate. When many customers consult the price of aluminum foil on the platform, they ask whether it will affect the production of aluminum foil?
International situation affects aluminum price fluctuation
In February, commodity and European energy prices rose rapidly due to the international situation. Affected by market sentiment, aluminum price volatility increased. From the recent performance, March 16, aluminum prices rebounded high. At 15:01 Beijing time, aluminum was quoted at $3,338 / ton, up $40, or 1.20%, from the previous day's settlement.
According to the Institute, "Russia is an important aluminum production base in the world, accounting for 6 percent of global aluminum production. In 2018, the United States imposed sanctions on Rusal, causing the international aluminum price to rise by 30 percent. The recent volatility in Shanghai aluminum and the new European investment ban on Russia have pushed up energy costs further, thus pushing aluminum prices higher."
Expected :Aluminum foil industry in stabilize prices
Current overseas aluminum prices are higher, rusal as raw material companies may be affected, but China's aluminum foil production will remain stable. In China, the aluminum price may not increase significantly due to the domestic policy of stable growth, and the price may remain at 21,000 yuan/ton -- 22,000 yuan/ton. Zhengzhou Eming Aluminum Industry avoid the risk of price fluctuations
in a reasonable way .
Zhengzhou Eming Aluminum Industry have their own production base and production lines, which can ensure that the price of aluminum foil is stable, adapt to international fluctuations. In order to meet the needs of new and old customers, Eming guarantee to sale with a stable price, and then get long-term stable development.
