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SunSirs: On February 15, Aluminum Prices in the Chinese Market Stabilized
February 16 2022 08:44:44SunSirs(Linda)

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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