covid -19 impact to aluminium ingot price
China is biggest country for produce aluminium inot , since last 20years , the aluminium ingot price is less than 22000RMB , but today September 7，2021 the price amostly nearly 22，000RMB .
why it is increase too much ?
the main reason is from covid -19 , China main import aluminium buaxite from Indonesia and Australia and the republic of guina . the guina have 24% percentage of buaxite , it is number 1 in the world , however the quality aslo best .
during 2021 guina export buaxite over 82,40 0,000tons , in total supply to the world over 22%.
from custom news , during 2020 China import buaxite over 11158.7 millon tons , increase 10.9%, however only import from guina is 5267.01 millon tons . at import total amount 47.2%, increase 18.51%.
during this times , due to buaxite price not steady , so aluminium ingot price will again increase .
during 2021 the aluminium price not possible come down .
the LME price increase 1.8% amostly 10% percentage during at September 6th 2021 .
