The State Reserve Bureau wants to restart the primary aluminum storage this week

The State Reserve Bureau will purchase 160,000 tons of raw aluminum from domestic aluminum plants in the near future. It is expected that the current collection and storage of primary aluminum will reach 400,000 tons, and another 165,000 tons of refined copper will be collected and stored. "It was originally scheduled for the first time on Wednesday, but it may be delayed. It is expected that the tender will be restarted this week." Industry insiders said.

Earlier, the industry reported the resumption of the recovery of primary aluminum, saying that the State Reserve Bureau will resume some basic metal storage and storage this month. It may buy about 400,000 tons of primary aluminum and 165,000 tons of refined copper. According to business community sources, there have been two corporate tender notices. They confirmed that the State Reserve Bureau will purchase 160,000 tons of primary aluminum in the domestic aluminum plant in the near future. However, as of the time of writing, the SDR website has not yet released the documents for storage.

400,000 tons of primary aluminum and 165,000 tons of refined copper. This amount is equivalent to the consumption of refined copper on the 8th and the consumption of primary aluminum in the past 7 days. In China, the inventory of copper and aluminum ingots currently exceeds 1 million tons. .

According to industry insiders, there are two kinds of opinions for this time. One is China Aluminum, CPI, Qiaotou, Yinhai, Shaanxi Tongchuan, Shenhuo and Wanji, and the other is Wanfang, Yinhai, Yunlu, Shenhuo, Qiaotou, Chinalco, China Power Investment, Tongchuan, Fushun 9 aluminum enterprises as the object of storage.

Nonferrous analysts said that the current situation in the aluminum industry is similar to that in 2009, aluminum prices have been lower than the cost of production, and the entire industry is at a loss. Taking the industry leading Chinese aluminum industry as an example, the company’s losses in the first three quarters of this year reached a staggering 4.335 billion yuan. Resumption of storage at this stage will undoubtedly play a greater role in supporting aluminum prices.

The storage and storage started at the end of 2008 had stimulated aluminum prices to rebound from lows by 30% to a high of 13,610 yuan per ton. However, as the government closed its reserves, prices fell by more than 8% from that peak.

According to analysts, the background of this collection is slightly different, that is, the current aluminum inventory is at a high level. Inventories were also high in 2009. The London Metal Exchange (LME) had a stock of 2.6 million tons of aluminum and a relatively large share of 590,000 tons. At present, LME stocks are about 5 million tons and 400,000 tons are received, which is not so high. In 2009, the State Reserve Agency's storage plan, which had indirectly led to the production of idle production capacity, exerted pressure on aluminum prices, after which the State Reserve Bureau stopped buying and storing.

Yunlv Dong secret secretary Zhang Wenwei said that at present, the company has not received any news of purchasing and storage. Once the purchase and storage start, it will certainly support aluminum prices, but it will not affect the company's operating performance.

If the purchase and storage of primary aluminum starts, this is another purchase and storage plan after the countries in the financial crisis in 2008 saved aluminum. The time of the last collection and storage was December 2008 and February 2009, respectively, and it has received 590,000 tons of aluminum twice.

Storage and storage will stimulate the price to rise