Aluminum prices rose sharply on December 30

Aluminum prices rose sharply on the 30th

 

According to the data of business agency, the average market price of domestic aluminum ingots in East China on December 30 was 20156.67 yuan / ton, up 1.05% from the average market price of 19946.67 yuan / ton on December 28; Compared with the average market price of 18900 yuan / ton at the beginning of the month (December 1), an increase of 6.65%.

 

At present, the aluminum price has fallen below the high and volatile operation range in the early stage. With the peak value of this year (October 19, 2021) and the average market price of aluminum ingots of 124240 yuan / ton, it has fallen by 16.85% recently. With the average market price of aluminum ingots of 15726.67 yuan / ton at the beginning of the year (January 1, 2021) as the benchmark price, it has risen by 28.17%.

 

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Affected by the continuous fermentation of the European energy crisis, many aluminum plants in Europe reduced production, and Lun aluminum rose again to the price of more than 2800 US dollars / ton. Recently, the overall strong operation of domestic aluminum price is driven by the news of external market on the one hand, and the recent domestic continuous de inventory trend is also supporting the rise of aluminum price. In the later stage, we focused on the downward cost side, the willingness of aluminum plants to support prices after rising profits, and the inventory changes after the Spring Festival, the downward movement of downstream operating rate and the reduction of terminal consumption.

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