Abstract As of the end of June 2013, the price of domestic electrolytic aluminum including tax was 14,215 yuan/ton, which was 10.29% and 7.48% lower than that at the end of 2011 and the end of 2012. The profitability of electrolytic aluminum industry declined rapidly. From January to June 2013, the industry gross interest rate...As of the end of June 2013, the domestic electrolytic aluminum tax-included price was 14,215 yuan/ton, down 10.29% and 7.48% from the end of 2011 and the end of 2012, respectively. The profitability of the electrolytic aluminum industry declined rapidly. From January to June 2013, the industry gross profit margin. It fell to around 5%, and the total loss of the whole industry was 670 million yuan.
The price of thermal coal continued to fall, and the price of electricity was lowered, but the downward adjustment is expected to be limited. The price of bauxite continues to rise, and the price of alumina is supported by cost. It is expected that the price of alumina will not fall in proportion to the price of electrolytic aluminum, and thus the profit margin of the electrolytic aluminum industry will be squeezed.
At present, the domestic electrolytic aluminum capacity is overcapacity, and the newly added capacity far exceeds the production capacity. The overcapacity of the industry will further deepen. At the same time, most of the new capacity will be concentrated in the production areas with lower electricity prices and lower coal prices. The new capacity production will further lower the industry average. Cost of production. In the context of slowing economic growth and economic restructuring, industry demand will not rebound significantly. It is expected that the price of electrolytic aluminum will remain low in the short term, and there is room for further decline.
On the whole, the downturn in the electrolytic aluminum industry will continue, and the industry will still be on the verge of losses in the short term.
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