Price list of aluminum ingots
According to the data of business news agency, the average price of domestic aluminum ingots in East China market on January 29 was 14886.67 yuan / ton, which was 5.34% lower than the average price of 15726.67 yuan / ton at the beginning of the month (January 1).
At present, the horizontal movement of aluminum price is prominent, mainly based on the following factors:
1. Inventory weakening is less than expected
At present, near the end of the aluminum consumption off-season, the market expected social inventory accumulation phenomenon is less than expected. Social inventory is hovering below 700000 tons. At the end of December, this wave of inventory is slow, less than expected, and even slightly down in the near future.
2. High proportion of aluminum water supply and high output of extruded aluminum ingot
It is reported that in January 2021, the weighted proportion of molten aluminum in the aluminum industry was 64.61%, only 3.61% lower than that of last month; that is to say, the monthly increase of aluminum ingots was about 120000 tons, about 180000 tons lower than that of previous years.
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