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SunSirs: Prices of Aluminum Ingots Bottom out on Sep 20
September 20 2019 17:50:37SunSirs(Linda)

SunSirs: Sep 20

1. Product: Standard Aluminum Ingots (99.70)

2. Latest Price (Sep 20 2019): 14,296.67RMB/t

3. Analysis Points: The average price of standard Aluminum Ingots decreases 1.83% this week compared with last weekend. On Wednesday and Friday, the prices of Aluminum Ingots stabilized and adjusted slightly upwards. Influenced by Indonesia's policy, the prices of Aluminum Ingots broke the line of 14,500 at one time in the early period, and has been put back in place recently, it starts to stabilize.

4. Future Forecast: At present, the supply and demand are relatively stable. It is expected that the prices of Aluminum Ingots will keep swinging smoothly in the near future. Later, the actual trading situation of the market should be focused.

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