SunSirs: Aluminum Prices Strengthened on February 26th
February 27 2025 15:32:50 SunSirs (John)
Aluminum prices strengthened in February
Aluminum prices strengthened on February 26th. According to the Commodity Market Analysis System of SunSirs, as of February 26, 2025, the average price of aluminum ingots in the East China market in China was 20,546.67 RMB/ton, an increase of 0.96% from the market average price of 20,213.33 RMB/ton on February 1.
In terms of futures, on February 25, 2025, the main contract of Shanghai Aluminum closed at 20,615 RMB/ton, up 0.34%.
Reasons for the rebound of aluminum prices on February 26th:
Although China's aluminum ingot inventory was in a seasonal accumulation trend, it was still relatively low overall. On February 24th, China's aluminum ingot inventory reached 24,000 tons to 880,000 tons, and LME aluminum inventory also decreased by 4,000 tons to 535,900 tons on February 24th. Low inventory has led to tight market supply and driven aluminum prices to strengthen.
The expectation of Rusal's return to the international market has risen, and the price of London aluminum in foreign markets was higher. The inflow of Rusal into China may decrease, which will increase the price difference between domestic and foreign aluminum prices.
Due to the expectation of an important domestic conference and the impact of market sentiment on news, Hong Kong aluminum industry stocks fluctuated and rose on February 26th, with positive financial sentiment for the sector and strong aluminum prices.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
- 2025-06-20 SunSirs: Commodity Intelligence Today (June 20, 2025)
- 2025-06-17 SunSirs: Aluminum Prices Rose Last Week, but the Upward Potential in the Future Market Will Narrow
- 2025-06-12 SunSirs: Commodity Intelligence Today (June 12, 2025)
- 2025-06-10 SunSirs: The Social Inventory of Aluminum Ingots in June is Expected to Maintain Low Reserves
- 2025-06-04 SunSirs: Aluminum Prices Rebounded in May and Aluminum Ingot Fundamentals at a Glance
