The aluminum foil market sentiment in June was relatively optimistic. Some companies that mainly focus on battery foil and air-conditioning foil reported that their production and sales in June did not decrease but increased. Coupled with the early entry into the off-season in May, the output of other aluminum foil companies in June was mostly the same as that in May. In the end, the overall operating rate of the aluminum foil industry unexpectedly increased month-on-month.
However, the survey found that aluminum foil companies are not optimistic about the sustainability of the recovery in operating rates. Many industry players pointed out that the rebound in air-conditioning foil orders is mainly due to the return of high-temperature weather this year, squeezing out more demand for air conditioners. The surge in battery foil orders is mainly due to the fact that battery company inventories have been exhausted to low levels, and there is a certain need for replenishment. However, these two major driving factors are difficult to continue to stimulate demand. Therefore, the aluminum foil market sentiment is still very pessimistic. It is expected that the operating rate of the aluminum foil industry will decline from July to August.
With the rapid development of new energy vehicles and renewable energy, the lithium battery market is showing strong growth. As a key material for lithium batteries, the demand for lithium battery aluminum foil has also increased accordingly. With the growth in demand, domestic lithium battery aluminum foil manufacturers have also increased production capacity construction. According to statistics, there are currently about 22 aluminum plate, strip and foil projects under construction in China, of which 13 are lithium battery aluminum foil related projects, involving a construction capacity of about 1.19 million. tons, which also makes China one of the largest lithium battery aluminum foil producers in the world.
