Aluminum prices fluctuated upward in July
On July 29, the average market price of aluminum ingots was 19510 yuan / ton. In July, the price of aluminum ingots generally fluctuated upward, with an operation range of 18700-19500 yuan / ton.
According to the data of business agency, the average market price of domestic aluminum ingots in East China was 19510 yuan / ton on July 29, up 3.61% from 18830 yuan / ton at the beginning of the month.
Taking the average market price of 15726.67 yuan / ton of aluminum ingots at the beginning of the year (January 1, 2021) as the benchmark price, it has increased by 24.06%.
Summary of aluminum market
Cost side: in mid July, electrolytic aluminum in Yunnan and Inner Mongolia faced pressure on production again. With the launch of carbon trading, the cost of electrolytic aluminum enterprises further increased. Alumina prices rose during the month.
Supply and demand side: the social inventory data of aluminum ingots support the aluminum price, and the local tension of industrial power consumption in summer superimposes the process of putting into operation and resuming production.
Future forecast
Business analysts believe that the current price around 18500-19500 yuan / ton is a steady-state shock range formed by the market game. It is expected that the price of aluminum ingot will basically run around 19000 yuan / ton in the near future
| http://www.lubonchem.com/ |