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In the first quarter of 2016, the price of spot aluminum ingots in Yangtze River maintained a volatile upward trend
as a whole.
At the beginning of 2016 (January 4), the mainstream average price was 10,950 yuan / ton, as of March 31, the price of spot aluminum ingots in the Yangtze River was reported at 11,700 yuan / ton, and the price rose by 750 yuan / ton, an increase of 6.
41%.
In January 2016, due to the impact of oil prices and Chinese economic data and the stock market, aluminum prices showed a trend of high opening and low movement, coupled with poor demand performance, the market generally cautiously paid attention to the production situation after the year, and the overall trend of volatility was weak
.
In February, due to the Spring Festival, the market was deserted
.
The overall performance of domestic economic data in the month was unsatisfactory, and the market was counting on the government's stimulus policy
.
But then crude oil soared as investors reached a production reduction agreement to rekindle hopes, stimulating aluminum prices to stop falling and rebounding, coupled with the impact of domestic aluminum production cuts, aluminum prices continued to recover after the holiday and updated a new high since mid-October last year
.
In March, domestic aluminum prices continued to rise, but due to China's economic data is less than expected, the overall decline of the domestic stock market, causing aluminum prices to fall, fortunately supported by costs, aluminum prices fell limited, still firm and stable, but continue to rise space is also relatively limited
.
Since the beginning of this year, domestic aluminum prices have been rising, but there has always been a lack of strong support, and as aluminum prices continue to rise, market concerns have increased, coupled with the second quarter will usher in the traditional consumption off-season, aluminum prices may be difficult to continue the upward trend, so the later aluminum prices continue to rise limited
.
