Average operating rate of aluminum plate and strip industry over the years
Source: SMM
SMM6 11: according to the latest SMM first-hand survey data show that the aluminum strip industry in May, the start-up rate fell 0.19 percentage points to 74.44%, up nearly 5 percentage points from the same period last year; the start-up rate is expected to fall slightly to 74% in June. From the perspective of orders, the average number of days of orders by the end of May was about 15 to 20 days, and the full degree of orders was significantly lower than that of the same period last month, and the production schedule was basically in the middle and late June.
From the product category, the consumption of building decoration board is still in the peak season, the output and orders in May are relatively stable, and may gradually fade in June; the output of automobile heat transfer materials in May is about 5% to 8% lower than that in April, the weakest among the aluminum strip products; the cans and packaging materials are still in the consumption peak season, and the production period is basically covered to the end of July, and the output is expected to be flat in May.
In terms of finished product inventory, many enterprises reflect that customers are not active in picking up goods at the end of May, on the one hand, due to the fall in aluminum prices, on the other hand, the inventory of downstream finishing enterprises is relatively high; the inventory of raw materials is basically stable, and the stock cycle is still 2 to 15 days; in addition, the supply of raw materials for cast-rolled rolls is relatively sufficient.
On the export side: in May, most enterprises reported that the performance of export orders was slightly poor, and downstream customers of direct export orders in the United States were affected, but there was no large decline in export orders in the industry; the current impact of tariffs on exports is mainly due to the weakening of price advantages.
To sum up, the opening rate of the aluminum strip industry fell slightly in June, while the real downturn is likely to take place in July.
(SMM Shanghai Nonferrous net Liang Xuan 021 5166 6922)
