Affected by the global COVID-19, the price of aluminium foil has fallen again and again, and the aluminum industry is facing a severe test.
Most companies face challenges such as inadequate numbers of employees, traffic restrictions on logistics, and difficulty in continuing the supply of raw materials. Purchasing, production, and sales cannot be carried out normally, especially for upstream companies in the aluminum processing industry. This has led to the company’s production being hindered, and a large number of aluminum ingots cannot be continuously supplied. As downstream plants cannot start normally, the demand for aluminum ingots must also decrease. This has led to a fall in the price of aluminium foil as a result of oversupply.
People in the industry know that the price of aluminium foil is composed of the processing cost of aluminium foil and the price of aluminum ingots. The market is constantly fluctuating. If you want to get the cheapest aluminium foil, you can go to Xianxing Aluminum and you can easily get more favorable prices. Quote. Since the beginning of this century, the London Metal Exchange has started to publicly announce its transaction prices and has been widely used as the benchmark price for world metal trade. In the past few days, the price of LME aluminum ingots has fallen below 1,600 US dollars per ton. It has almost dropped to freezing point, but it has been increasing recently.
Everyone may have a question here, so is the company going to hoard aluminium foil in large quantities? In fact, is it necessary to hoard aluminum foil at this time? It is recommended to paying attention to the following points: First, determine whether the hoarded aluminium foil can be consumed smoothly. If the price of the purchased aluminium foil has not risen for a long time, and we just need aluminium foil, then We will not lose money. Second, we must consider the strength of the company and whether we have free funds. Third, whether the price of aluminium foil obtained is the cheapest and the quality is the best.