Macro Economy – Aluminium Market News June 2021

On July 09, The National Bureau of statistics released the factory price data of industrial producers in June 2021. In June 2021, China’s industrial producer prices rose 8.8% year on year and 0.3% month on month; The purchasing price of industrial producers increased by 13.1% year on year and 0.8% month on month.

In the first half of this year, the factory price of industrial producers increased by 5.1% over the same period last year, and the purchase price of industrial producers increased by 7.1%.

 

Industry Information – Aluminium Market News June 2021

According to the circular economy development plan of the 14th five-year plan, by 2025, the output rate of major resources will increase by about 20% compared with 2020, the output of renewable non-ferrous metals will reach 20 million tons, and the output value of resource recycling industry will reach 5 trillion CNY. Among them, the output of recycled copper, recycled aluminium and recycled lead reached 4 million tons, 11.5 million tons and 2.9 million tons respectively.

Recently, the International Aluminum Association released the global aluminum industry employment report. According to the report, in 2019, the global aluminum industry will employ about 7.525 million people, and the upstream (including mining, refining and smelting), downstream and indirect employment will be about 350,000, 1.25 million and 5.925 million respectively. According to the report, every direct employment increase in the aluminum industry will generate 3.7 indirect employment.

As the world’s top producer and consumer of aluminum products, the number of direct employment in China’s aluminum industry ranked first in the world in 2019, with a total of about 751,000 people. Among them, the rolling, extrusion, casting and recycling fields of China’s aluminum industry respectively accommodated 143,000, 189,000, 137,000 and 152,000 direct employment.

 

News of Corporates– Aluminium Market News June 2021

Mingtai announced that in June 2021, the company’s output of aluminum sheet, strip and foil reached 98,200 tons, a year-on-year increase of 20%; Aluminum profile reached 1,400 tons, a year-on-year increase of 58%. The sales volume of aluminum sheet, strip and foil reached 98,300 tons, a year-on-year increase of 23%; Aluminum profile reached 12,000 tons, up 64% year on year.

 

Logistics – Aluminium Market News June 2021

According to the survey of Container Xchange, an online container leasing and trading platform, the demurrage of the world’s 20 largest ports in 2021 has increased by 104% compared with 2020, which is equivalent to doubling, with an average of USD666 per container.

According to the report, there are huge differences in demurrage and demurrage between different ports and carriers. Take Pusan port in South Korea and Los Angeles port in the United States as an example. Two weeks after unloading, shippers in Los Angeles face an average cost of 2638 US dollars, while Pusan port is only 132 US dollars. In 2021, on average, the demurrage and demurrage of each container will increase in two weeks It’s USD1219.

 

Other News

The 16th China International Aluminium Industry Exhibition opened in Shanghai New International Expo Center on July 7! As the industry wind vane, after two years, this exhibition shows the new atmosphere of China’s aluminium industry in the post epidemic era with a new attitude. Focus on the three application terminals of “automobile, packaging and consumer electronics”.

At this exhibition, Chinalco, Hongqiao, Nanshan, Novelis, Conglin, Mingtai, Zhongfu, Chuangxin, Aomei, KAP, Fenglv, Dingsheng, Dingmei, Yongjie and other aluminium giants all came on the stage, including SMS, Achenbach, Pyrotek, Takraf, Wagstaff, Pratic and other well-known equipment manufacturers also brought new products and new technologies to the scene.

 

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NILO SHANGHAI TEAM