On February 14, the aluminum price callback

​On February 14, the average market price of domestic aluminum ingots in East China was 22,710 yuan / ton, a daily decrease of 1.03%, compared with the market average price of 21,593.33 yuan / ton at the beginning of the month (2.1), an increase of 5.17%; compared with the market average in early January (January 1) The price was 20,370 yuan/ton, up 11.49%.

​​With the peak in 2021 (October 19, 2021), the average market price of aluminum ingots is 24,240 yuan/ton, and the recent deviation from the peak has dropped by 6.31%. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingots is 18,693.33 yuan / ton, a recent increase of 21.49%.

The main reason for the callback

On the 11th, aluminum prices began to retreat from a high level, interrupting the previous continuous rise in the market.

The recent pullback in aluminum prices is due to the fact that aluminum prices have risen too fast in a short period of time after the holiday, and downstream acceptance is weak; according to industry insiders, the aluminum price exceeded 23,000 yuan/ton last week, and market transactions dropped sharply. On the other hand, due to the consideration of the Winter Olympics after the festival, the resumption rate of production of aluminum rod factories and profiles in the northern region was lower than expected. Affected by the rise in aluminum prices, the overall mood of replenishment and reserve storage in the downstream was not high, and processing plants resumed production intensively. The time is in the middle of this month.

Market outlook is expected

After the season, aluminum prices rose sharply. After breaking through 23,000 points, the long-short game intensified, the downstream wait-and-see mood was strong, and the purchase of goods dropped sharply.

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