Aluminum prices rose on the 6th

According to the data of business agency, the average market price of domestic aluminum ingots in East China on January 6 was 20763.33 yuan / ton, up 2.16% from the average market price of 20323.33 yuan / ton on January 5; Compared with the average market price of 18900 yuan / ton at the beginning of the month (December 1), an increase of 9.86%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 14.34% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 11.07% recently.

Aluminum price

The recent recovery of aluminum prices is mainly based on the improvement of supply expectations, especially the energy crisis in Europe. Natural gas factors led to the rise of electricity prices, which led to the reduction of production of many aluminum plants in Europe; In addition, the domestic supply side reform has achieved remarkable results in previous years, and the production capacity has basically formed a ceiling. In recent 1-2 years, the production has also been affected by the “carbon peak” and “carbon neutralization”.

According to the data, the removal of aluminum ingots to the warehouse is good, the domestic aluminum price has been callback sideways for a long time, the amount of downstream inquiries has increased, and the acceleration effect before the aluminum terminal consumption Festival has been superimposed, supporting the overall strong operation of domestic aluminum price in the near future.