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Aluminum price will be rise in 2022

Views:0     Author:Site Editor     Publish Time: 2021-11-08      Origin:Site

Analysts predict that aluminum price will be US$2,450/ton in 2022, US$2,300/ton

According to foreign media reports, analysts said that energy costs are rising and aluminum smelters generally cut production. Aluminum prices are expected to remain high next year. At the same time, the overall price of aluminum this year is expected to be US$2,450/ton, and the price in 2022 is US$2,300/ton.

In the third quarter of this year, due to the "power shortage" in China, aluminum prices once stood at a 13-year high and reached US$3,221/ton.

In order to reduce the use of electrical power, China's aluminum smelters have implemented a production reduction policy. In addition, on a global scale, high energy costs have forced manufacturers to reduce production. According to statistics, energy costs account for 40% of aluminum production costs.

Analyze and predict that the reason for the slight decline in aluminum prices in 2022 is mainly due to the strong recovery in demand in 2021, and the subsequent slowdown in demand growth, but demand fundamentals and supply-side factors will still support aluminum prices in 2022.

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