On January 25, the average market price of domestic aluminum ingots in East China was 21,183.33 yuan/ton, an increase of 0.20% compared with the average market price of 21,140 yuan/ton on the 24th; compared with the average market price of 20,370 yuan/ton at the beginning of the month (January 1), an increase of 3.99 %.

Taking 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 12.61%. 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 13.32%.

Market outlook is expected

Fundamentals: The pre-holiday accumulation effect has been reflected, the pre-holiday effect of terminal demand is obvious, and the downstream operating rate has declined. The weakening of seasonal demand during the Spring Festival is one aspect, and the other reason for the sideways decline in aluminum prices is that the current aluminum prices have recovered more, and the fundamental support margin has weakened.

Funding: The international geopolitics is becoming more and more complex, especially the news from Ukraine, and the risk aversion in the investment market is high today.

It is expected that in the short term, the aluminum market will be mainly weak and sideways.

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