SunSirs: China’s Aluminum Prices Rose Slightly on November 25, with a Daily Increase of 1.08%

2021-11-29by admin

  On November 25, the average price of domestic aluminum ingots in the East China market was 19,336.67 yuan/ton, compared with the average market price of 19,130 yuan/ton on November 24, a daily increase of 1.08%.

  The current aluminum price has fallen below the previous high and fluctuating operating range. At this year’s peak (October 19, 2021) aluminum ingot market average price is 124,240 yuan/ton, which has recently fallen by 20.23%. Taking the average market price of aluminum ingots at the beginning of the year (January 1, 2021) at 15,726.67 yuan/ton as the benchmark price, the cumulative increase has been reduced to 22.95%.

  Recently, aluminum ingots have bottomed out and stabilized, returning to the 19,000 line. In the short term, due to the positive news of real estate, the price of the previous period has fallen more and market expectations have improved. However, the current actual demand is still relatively ordinary, and social inventories continue to accumulate. It is expected to be short-term Domestically stabilized, but the upside has narrowed, and the operating range is 18800-19700 yuan/ton.