SMM A00 Aluminum Ingot(CNY/mt)
On May 19, the price of SMM A00 aluminum drop by CNY 30/Mt to CNY 20,250/Mt compared with the previous trading day. The news that a large bauxite mine in Guinea may have its export license revoked stimulated a surge in alumina and drove up aluminum prices. The fundamentals showed that aluminum prices remained at a high level of more than 20,000 last week, but aluminum ingot inventories continued to be liquidated. Social inventories of aluminum ingots were 581,000 tons, a weekly decrease of 38,000 tons, and inventories in bonded areas decreased by 4,500 tons to 112,000 tons. Aluminum inventories in the LME market decreased by 9,000 tons to 395,000 tons.
Affected by the increase in aluminum ingot prices last week, the demand for color coated aluminum coils has weakened. This week's aluminum price is expected to stabilize in the range of CNY20,000-CNY20,200/Mt, and downstream customers may plan to purchase. The subsequent market performance of colored aluminum coils still needs to pay attention to the tariff policies of China and the United States, the national policies of Guinea, and the market trend of aluminum ingots.
CNY 20,280
Average Price of the Last 3 Days
CNY 20,132
Average Price of the Last 5 Days
CNY 20,250
Average Price of the Last 5 Days
Why color coated aluminum coils are becoming more and more widely used?
As one of the main sources of resource consumption and carbon emissions, the construction industry is facing huge sustainable development challenges. The world is increasingly advocating the creation of green buildings and the use of environmentally friendly building materials. Color coated aluminum coils are currently known as ideal building materials because of their superior characteristics, environmental protection characteristics, and high recycling value to promote the sustainable development of the construction industry.
Lightweight and high strength： Color coated aluminum coils are lightweight in nature, easy to transport and install, and reduce energy consumption and labor costs during the construction process. At the same time, the strength of aluminum enables it to provide efficient support in building structures and reduce dependence on other materials.
Corrosion resistance and low maintenance cost: Color coated aluminum coil is naturally resistant to corrosion and can maintain stability under various climatic conditions. Compared with traditional materials, colored aluminum coil has the longer service life, which reduces maintenance frequency and costs and extends the service life of buildings.
Energy saving and thermal insulation performance：Colored aluminum coils usually have good heat reflection capabilities, which helps to reduce heat absorption on the building facade. This can reduce air conditioning loads, thereby saving energy consumption and reducing carbon emissions from buildings. In addition, its thermal insulation performance can also improve indoor comfort and reduce energy demand.
Environmental protection: Aluminum materials themselves are recyclable and can be efficiently recycled and reused at the end of their life cycle, which meets the requirements of sustainable development. In the production process of color-coated aluminum coils, more environmentally friendly coatings and production processes are gradually adopted to reduce the emission of harmful substances.
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