Aluminum is a non-ferrous metal with a production and usage second only to steel in the world. The raw material used in our daily industry is called aluminum ingot, which is produced by electrolysis using alumina cryolite. Due to its lightweight material, aluminum is commonly used in the manufacturing of land, sea, and air transportation vehicles such as cars, trains, subways, ships, airplanes, rockets, and spacecraft to reduce their own weight and increase their loading capacity. Every industrial raw material will have price fluctuations. What are the factors that cause price fluctuations in aluminum ingots? Gaizhou Heli Aluminum Powder answers your questions

1. Import and export policy: Due to the rapid growth of domestic aluminum ingot production capacity, on the one hand, the domestic supply of alumina is tight, and on the other hand, the macroeconomic environment determines that the demand for aluminum cannot grow too fast in recent years, which will be more conducive to promoting the export of domestic aluminum ingots to a certain extent. However, the high energy consumption and cost of domestic aluminum ingot production have constrained the development of China's aluminum ingot industry. Therefore, a certain amount of aluminum still needs to be imported every year to meet domestic demand. The adjustment of aluminum import and export tariffs and changes in exchange rates in China will affect domestic aluminum prices.

2. International market: Currently, multinational corporations and trading companies in the international non-ferrous metal industry rely on their strong capital, management, and technological capabilities to occupy a considerable portion of the world's non-ferrous metal resources, production capacity, and market. The changes in production, export volume, and export prices of the world's six major aluminum producing countries, the United States, Russia, Canada, Australia, Brazil, and Norway, will all have an impact on international aluminum prices. Therefore, the relationship between the international non-ferrous market and China's non-ferrous market will become stronger as China's degree of opening up to the outside world increases and its accession to the World Trade Organization (WTO) approaches. The liquidity between the international and domestic markets will be stronger, and the impact on the prices of the domestic non-ferrous industry will be greater. Aluminum powder price

3. Changes in the development trend of the aluminum industry: With the further development of domestic transportation, residential, sedan and other industries, as well as the extensive renovation of the power grid, aluminum consumption will also increase accordingly, which will have a positive impact on the demand and price of aluminum.

4. Supply of alumina: The abundance and price of alumina supply both domestically and internationally will directly affect the production cost of aluminum ingots.

5. Electricity price: The electrolytic aluminum industry, also known as the "electric tiger" industry, consumes an average of 16000 kWh of electricity per ton of aluminum. Electricity and electricity prices have always affected the development of China's electrolytic aluminum industry and the price of aluminum ingots.

6. International economic situation: The inherent characteristics and uses of aluminum ingots determine that their price is influenced by both international and domestic supply and demand relationships, as well as the speed of domestic economic development and economic policies. The impact of the global financial crisis in recent years and insufficient domestic economic demand have led to a decline in aluminum prices.