On the 24th, aluminum prices operated smoothly

According to the data of business agency, the average market price of domestic aluminum ingots in East China on February 24 was 22706.67 yuan / ton, up 5.16% from the average market price of 21593.33 yuan / ton at the beginning of the month (2.1); Compared with the average market price of 20370 yuan / ton in early January (January 1), it increased by 11.47%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen 6.33% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 21.47% recently.

The long short game of aluminum price increased slightly

According to statistics, on the 24th, the social inventory of aluminum ingots in the mainstream market was 1118000 tons, and 15000 tons were accumulated in the week. In terms of inventory in the plant area, it has decreased on the whole, and it is in the state of de stocking on the whole within the week. At present, the manufacturer’s shipment pressure is relatively small. In the downstream market, at present, the price of aluminum ingots is relatively high, and there is little willingness to hoard goods in the downstream. In terms of outbound volume, except for a small month on month increase in Chongqing this week, Wuxi’s outbound volume decreased due to epidemic factors; The outbound volume in Foshan, Changzhou and Gongyi areas decreased; The ex warehouse volume in Shanghai, Hangzhou, Tianjin and Shenyang changed little month on month.

After the quarter, the aluminum price rose sharply. After breaking through 23000 points, the long short game intensified, the downstream wait-and-see mood was strong, and the taking of goods decreased sharply. It is expected that the recent high-level shock operation will be dominated.