Spot aluminum prices moved down slightly on the 25th
According to the data of business agency, the average market price of domestic aluminum ingots in East China on November 25 was 19336.67 yuan / ton, up 1.08% from the average market price of 19130 yuan / ton on November 24.
At present, the aluminum price has fallen below the high and volatile operation range in the early stage. At the peak of this year (October 19, 2021), the average market price of aluminum ingots is 124240 yuan / ton, which has fallen by 20.23% recently. Based on the average market price of 15726.67 yuan / ton of aluminum ingots at the beginning of the year (January 1, 2021), the cumulative increase rate was reduced to 22.95%.
Future forecast
Recently, the bottom of aluminum ingot has stabilized and returned to the front line of 19000. In the short term, due to the good news of real estate, the price has moved down more in the early stage, and the market expectation has improved. However, the actual demand is still relatively general, and the social inventory continues to accumulate. It is expected to stabilize in the short term, but the upward space has narrowed, and the operation range is 18800-19700 yuan / ton.
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