On November 22, the aluminum price was stable

The aluminum price was stable on the 22nd

 

Bacillus thuringiensis

According to the data from the business community, the average price of domestic aluminum ingots in the East China market on November 22 was 19036.67 yuan/ton, up 0.09% daily; The price was 5.43% higher than that at the beginning of the month.

 

In the long term, the average price of aluminum ingot market is 17450 yuan/ton compared with the recent recovery starting point (July 14, 2022), and the recent recovery is 9.09% higher. On the whole, it is still in the stage of platform shock after the recovery.

 

Industry data list

 

1. Import and export data

 

In October 2022, 429700 tons of aluminum ingots were imported, a year-on-year decrease of 66.11%. Among them, China imported 67400 tons of aluminum ingots in October, an increase of 4.27% month on month and a decrease of 51.78% year on year.

 

Gamma-PGA (gamma polyglutamic acid)

From January to October 2022, China exported 192900 tons of aluminum ingots, an increase of 187200 tons year-on-year. Among them, in October 2022, China exported 0.64 million tons of aluminum ingots, a month on month decrease of 66.53%.

 

2. Inventory data

 

According to the inventory data, the social inventory of electrolytic aluminum in the main domestic market fell on a month on month basis. On the 21st, the mainstream social inventory was about 529000 tons, compared with 574000 tons on the 7th, and 45000 tons went out of stock.

 

Future market forecast

 

At present, the supply and demand are relatively stable, and the low inventory has a certain support for the aluminum price. In the short term, it is expected that the trend will still be dominated by sideways shocks.

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