Price list of aluminum ingot
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According to the data of the business agency, the average price of domestic aluminum ingots in East China on November 30 was 16786.67 yuan / ton, up 13.09% compared with the average price of 14696.67 yuan / ton at the beginning of the month (November 1), 15.35% higher than the average market price at the beginning of the year (January 1), 11230 yuan / ton, up 49.39%.
In November, the price of aluminum ingots hit a new high in the year, mainly due to macro factors & good supply and demand orientation;
In November, the regional comprehensive economic partnership agreement (RCEP) was signed, adding that the domestic economy has maintained an over 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. In the medium term, it is expected to strengthen in the medium term and 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.
China’s official manufacturing PMI rose to 52.1 (51.4) in November, the highest since October 2017, and remained in the expansion range for nine consecutive months. From the perspective of enterprise scale, the PMI of large, medium and small enterprises was 53, 52, and 50.1, respectively, which was 0.4, 1.4 and 0.7 percentage points higher than that of the previous month, and the PMI of small enterprises returned to the top of the dry and prosperous line. From the perspective of the sub index, the production index rose to 54.7 (previous value 53.9), the new order index recorded 53.9, 1.1 percentage points faster than the previous month, and the new export order index recorded 51.5 (previous value 51), rebounded for seven consecutive months, reaching a new high since 2018.
In November, the commodity supply and demand index (BCI) of the business association was 0.63, with an average increase of 6.67%, reflecting that the manufacturing economy in the month was expanding compared with the previous month, and the economic growth trend was obvious. It is reported that this is the expansion state of BCI for seven consecutive months since it turned from negative to positive in May.
The social inventory of electrolytic aluminum continues to move down. At present, the social inventory of aluminum ingots has dropped below 600000 tons. The domestic downstream demand is strong, and the supply and demand are oriented well. On the other hand, the investment in domestic manufacturing industry has risen steadily. With the influence of the news of vaccine progress, overseas market is relatively lagging behind, and the expectation of more market is temporarily formed.
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. It is expected that the aluminum price will be better in the near future, and attention should be paid to prevent the impact of long profit taking and sharp increase of import volume on domestic aluminum price.
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