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    Home > Chemicals Industry > New Chemical Materials > Recently in the news disturbance stage, aluminum price volatility trend is dominant

    Recently in the news disturbance stage, aluminum price volatility trend is dominant

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    On Friday, the average price of the domestic aluminum ingot East China market was 18,726.
    67 yuan / ton, up 1.
    01% daily, up 2.
    02% from the average market price of 18,356.
    67 yuan / ton at the beginning of the month (10.
    1), and the average price of the aluminum ingot market at the beginning of the recent recovery (July 14, 2022) was 17,450 yuan / ton, and the recent recovery rose 7.
    32%.

    In terms of year-on-year data, the average market price in the same period last year was 23230 yuan / ton, down 19.
    36%.

    With the peak price of aluminum ingots in 2021 (October 19, 2021), the average price of aluminum ingot market was 24240 yuan / ton, and the recent deviation from the peak fell by 22.
    74%.

    Aluminum prices rose on Friday, mainly because market news that Rusal will be sanctioned disturbed aluminum prices
    .
    News on the 14th said that Alcoa has asked the London Metal Exchange to delist Rusal from the market, and on the 13th, the United States is considering banning the import of Rusal in response to the recent escalation of the situation, the price of aluminum has risen, and Shanghai aluminum has also been boosted
    .

    The linkage of futures and cash has driven spot aluminum prices up
    .
    It is reported that Rusal has an annual production capacity of about 4.
    5 million tons, accounting for about
    6% of the total global electrolytic aluminum production capacity.
    In the first half of 2022, the United States imported a total of 3,210,000 tons of aluminum products, of which 126,000 tons of aluminum products (including metals, alloys, crude metals and plates and bars) were imported from Russia, accounting for 3.
    93%
    of the total imports.

    The recent aluminum price rebound market, is still in the news disturbance stage, only under the condition of a large number of supply and demand gaps in the global aluminum market, it is possible to form a sustained rebound trend on the trend, the current supply and demand is relatively stable, and it is expected to remain volatile in the short term
    .

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