SunSirs: Aluminum Prices Fell 6.17% Month-on-month, Stopped Falling and Stabilized
July 21 2022 09:14:37 SunSirs (John)
Aluminum prices stopped falling and stabilized
According to the data of SunSirs, the average price of domestic aluminum ingots in East China market on July 20 was 17,890 RMB/ton, a daily decrease of 0.11%, compared with the market average price of 19,066.67 RMB/ton at the beginning of the month (7.1), a decrease of 6.17%, compared with the average market price of 19,056.67 RMB/ton in the same period last year, an increase of 6.12%.
Periodic destocking is obvious
At present, the social inventory of aluminum ingots in major regions is depleting substantially. As of the 18th, the social inventory of aluminum ingots in major regions was 682,000 tons, down 148,000 tons from the same period last year.
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