Aluminum prices fell slightly on the 30th
According to the data of business agency, on March 30, the average market price of domestic aluminum ingots in East China was 22740 yuan / ton, a daily decrease of 1.12%, a year-on-year increase of 31.07%, an increase of 0.80% compared with the average market price of 22560 yuan / ton at the beginning of the month (3.1); Compared with the average market price of 20370 yuan / ton at the beginning of the year (January 1), an increase of 11.63%.
Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen 6.19% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 21.65% recently.
Fundamentals
On the whole, the energy price in Europe is at a high level, and the expectation of overseas aluminum ingot production reduction still exists. Recently, affected by public health events in China, the downstream operating rate has been affected, the downstream consumption just needs to recover seasonally, and the operating rate of aluminum profiles, aluminum plates, strips and foils has rebounded. The domestic electrolytic aluminum production capacity has increased slightly. Recently, Yunnan Aluminum announced that the 700000 ton hydropower aluminum production capacity has been fully completed, and the output will be released in succession.
Future forecast
It is expected that the aluminum price will continue to be suppressed by the 23000 mark. Under the long and short game, the upward space will narrow and the stable and volatile operation will prevail.
| Thiourea |