Aluminum prices fluctuated slightly on February 7
On February 7, the average market price of domestic aluminum ingots in East China was 22,290 yuan/ton, an increase of 3.23% from the average market price of 21,593.33 yuan/ton on the 31st; compared with the average market price of 20,370 yuan/ton at the beginning of the month (January 1), an increase of 9.43 %.
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 8.04%. 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 19.24%.
Market outlook is expected
Domestically, there are not many pre-holiday inventories accumulated during the Spring Festival, and the fundamentals are good. External aluminum aluminum first fell and then rose. The recent rebound has been obvious, boosting the rebound of domestic aluminum prices. Today's rise is mainly based on the capital market's better expectations for the future of the aluminum market.
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