As of November 27, China’s domestic spot aluminum ingot price rose 10.13% in the month

Price list of aluminum ingot

 

Benzalkonium chloride

According to the data of business agency, the average price of domestic aluminum ingot in East China market on November 27 was 16346.67 yuan / ton, an increase of 10.13% compared with the average market price of 14696.67 yuan / ton at the beginning of the month (November 1), 12.32% higher than the average market price at the beginning of the year (January 1), 11230 yuan / ton, an increase of 45.48%.

 

Recent positive factors

 

1. Driven by macro factors

 

This month, the regional comprehensive economic partnership agreement (RCEP) was signed, adding that the domestic economy has maintained a faster than expected growth rate or will become the only country with positive growth in the main economy. The news of the success of vaccines in overseas countries offsets the current deterioration of overseas epidemic situation. The medium-term good expectation is strengthened to boost the expectation of foreign industrial demand. In terms of policy, large-scale international stimulus policies are expected The period is still in, ignite the enthusiasm of funds to do long colored plate.

 

2. Supply and demand oriented

 

The social inventory of electrolytic aluminum continued to move down, the domestic downstream demand was strong, and the supply and demand were oriented well. On the other hand, the investment in domestic manufacturing industry rose steadily. With the influence of the news of vaccine progress, overseas market was relatively lagging behind, and the market expectation was temporarily formed.

 

3. Strong investment demand

 

In November, the risk preference of market funds rose, and the overall unilateral upward trend of other domestic markets such as stock market and futures market was more significant. The linkage between the future and the present will boost the price of aluminum.

http://www.lubonchem.com/