On August 2, the domestic social stock of electrolytic aluminum was 740,000 tons, a decrease of 5,000 tons from July 229. Among them, 244,000 tons in Wuxi, 191,000 tons in Foshan, 48,000 tons in Gongyi and 103,000 tons in Shanghai. 59,000 tons in Hangzhou area and 46,000 tons in Tianjin area.
On August 2nd, China’s 6063 aluminum bar stocks were: 48,500 tons in Foshan, 18,000 tons in Wuxi, 22,000 tons in Nanchang, 13,500 tons in Changzhou, 14,500 tons in Huzhou, 5,500 tons in Chengdu, and 15,000 tons in Gongyi. 123,500 tons, an increase of 9,500 tons from July 29.
According to media estimates, the weighted average cost of electrolytic aluminum nationwide in July 2021 was 14,377 yuan/ton, an increase of 283 yuan/ton from 14,094 yuan/ton in June (the average price of raw materials used in the procurement cycle, not the spot price), except for oxidation In addition to the steady increase in the costs of aluminum and anodes, the substantial increase in electricity costs due to long-term high coal prices has further highlighted. Judging from our new research and understanding, the short-term increase in the electricity cost of domestic aluminum companies may continue to expand significantly.
On August 2, Fortune magazine released the 2021 top 500 companies list. A total of 143 companies in China were on the list, of which Shandong Weiqiao Venture Group ranked 282th, up 26 places from the previous year. This is the 10th consecutive year that Weiqiao Group has been on the top 500 list since it entered the top 500 list in 2012.
Mingtai Aluminum announced that in July 2021, the company’s aluminum sheet, strip and foil output was 92,100 tons, a year-on-year increase of 11%, and sales reached 95,000 tons, a year-on-year increase of 14%. The output of aluminum profile reached 15,000 tons, an increase of 103% year-on-year, and the sales volume reached 12,000 tons, an increase of 101% year-on-year.
Baosteel Packaging issued an announcement. In order to implement the company’s overseas development strategy, optimize the layout, strengthen regional coordination with existing production bases, and further expand the Southeast Asian market, the company plans to build a new can production base in Cambodia. The project is located in the Phnom Penh Special Economic Zone in Cambodia, and a new aluminum two-piece can production line is built in the factory, and it is equipped with public auxiliary equipment and production and living auxiliary facilities. The project is designed to have an annual production capacity of 1.2 billion cans. The total investment in the project is estimated to be 77.18 million US dollars (approximately 499 million yuan). In order to cooperate with the smooth development of the project, the company took its wholly-owned subsidiary Packaging Industry Co., Ltd. as the main investment body, and registered and established its wholly-owned subsidiary Cambodia Baosteel Can Manufacturing Co., Ltd. in the Phnom Penh Special Economic Zone of Cambodia.
Caixin Think Tank economist Wang Zhe said that in July, the expansion momentum of the manufacturing industry has slowed marginally, market supply continues to expand, demand is beginning to come under pressure, and companies are cautious in increasing employees and purchasing raw materials. Inflationary pressures have been partially eased, and manufacturing entrepreneurs remain optimistic about the future, but it has fallen below the long-term average. According to data from Caixin China’s manufacturing PMI in July, the current foundation for the recovery of the national economy is not stable, the downward pressure on the economy is still relatively large, and the confidence of entrepreneurs also needs to be protected.
[US stocks close] The Dow fell 97.31 points, or 0.28%, to 34,838.16 points, the Nasdaq rose 0.06% to 14,681.07 points, and the S&P 500 index fell 0.18% to 4,387.16 points.
LME electronic disk aluminum 2613 rose 15.5; copper 9616.5 fell 97.5; zinc 3025.5 fell 6.5; nickel 19470 fell 100; lead 2399 rose 19.5; aluminum inventory 1.38 million tons; exchange rate 6.466
LME aluminum 2612.8 rose 14.8; copper 9674.7 fell 26.3; zinc 3042 rose 13.5; nickel 19515.5 fell 31.5; lead 2439.1 rose 24.3; exchange rate 6.466
On August 2nd, the Shanghai futures 2108 contract aluminum night trading closed at 19,860, down 60; copper closed at 70680, down 770; zinc closed at 22,350, down 220?
The above is the whole content of today’s morning bus. A new day has begun, I wish you a happy work!