On February 15, the average market price of domestic aluminum ingots in East China was 22,696.67 yuan/ton, an increase of 5.11% from the average market price at the beginning of the month (2.1) of 21,593.33 yuan/ton; compared with the early January (January 1), the average market price was 20,370 yuan/ton , rose 11.42%.
At 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 6.37%. 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 21.42%.
On the 15th, aluminum prices began to stabilize after falling for two days.
Today's aluminum price has stabilized, which is affected to a certain extent by the geopolitical factors of Russia and Ukraine. Influenced by the Rusal factor, the market's expectations for Rusal's export supply and circulation have deteriorated.
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 amount of goods received dropped sharply.
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