SunSirs: China’s Aluminum Price Rises by 1.01% on December 20

2021-12-22by admin

  Spot aluminum prices fluctuated slightly in December

  On December 20, the average price of domestic aluminum ingots in the East China market was 19,596.67 yuan/ton, which was an increase of 1.01% from the average market price of 19,400 yuan/ton on the 17th; and was an increase of 3.69% from the average market price of 18,900 yuan/ton at the beginning of the month (December 1). .

  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 of 124,240 yuan / ton, the recent cumulative decline of 19.16%. At the beginning of the year (January 1, 2021), the average market price of aluminum ingots was 15,726.67 yuan/ton as the benchmark price, and the cumulative increase was reduced to 24.61%.

  Recent influence factors

  1. Alumina prices fell sharply

  On December 20, 2021, the alumina spot contract prices of Aluminum Corporation of China Limited in each region are as follows:

  The external quotation in Shandong is 2950 yuan/ton, the quotation in Henan is 2950 yuan/ton, the quotation in Shanxi is 2950 yuan/ton, the quotation in Guizhou is 2900 yuan/ton, and the quotation in Guangxi is 2900 yuan/ton.Compared with December 1st, the alumina spot contract prices in various regions have dropped by 600 yuan/ton, 550 yuan/ton, 550 yuan/ton, 600 yuan/ton, and 400 yuan/ton respectively.

  2. November electrolytic aluminum production decreased year-on-yearAccording to data from the National Bureau of Statistics, China’s electrolytic aluminum production in November decreased by 1.8% year-on-year to 3.101 million tons. Alumina production in November fell 4.5% year-on-year to 6.05 million tons, the lowest since May 2020. Aluminum alloy output in November decreased slightly by 0.3% year-on-year to 906,000 tons.