Aluminum price fluctuated slightly on February 7

According to the data of business agency, the average market price of domestic aluminum ingots in East China on February 7 was 22290 yuan / ton, up 3.23% from the average market price of 21593.33 yuan / ton on February 31; Compared with the average market price of 20370 yuan / ton at the beginning of the month (January 1), an increase of 9.43%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 8.04% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingots is 18693.33 yuan / ton, up 19.24% recently.

Future forecast

In China, there are not many accumulated stocks before the festival and during the Spring Festival, and the fundamentals are good. Lun aluminum in the external market fell first and then rose. The recent rebound is obvious, boosting the rebound of domestic aluminum prices. Today’s rise is mainly based on the better expectation of the capital market for the future of the aluminum market.