Aluminum prices fell 2.25% on the day and rose 8.22% in the month

According to the data of business agency, the average market price of domestic aluminum ingots in East China on September 14 was 22900 yuan / ton, a decrease of 2.25% compared with the average market price of 23426.67 yuan / ton on September 13; Compared with the average market price of 21160 yuan / ton at the beginning of the month (9.1), an increase of 8.22%.

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 45.61%.

Market summary

On Monday, the spot aluminum price soared and the downstream undertaking was weak. Today, the spot price is under pressure to adjust the shipment. At present, it has dropped to the price level below 23000 yuan / ton, which is still at a relatively high level in history. On the whole, the fundamentals have not changed, the supply is limited, the inventory is low, and the market currency source is tight; On the demand side, the main consumption is real estate and transportation industry, accounting for 50-55%. At present, the demand for aluminum in real estate is at the peak of completion. In addition, the output of new energy vehicles is at a record high, and the overall demand for aluminum has increased; On the cost side, the price of upstream raw material alumina increased and the preferential electricity price policy was cancelled, and the production cost per ton of aluminum was strongly supported; It is expected to maintain the trend of high-level and volatile operation in the near future. In the later stage, it will focus on the rapid rise of aluminum price in the near future, the downstream undertaking strength and the supervision and price stabilization strength of relevant departments.