sMM A00 Aluminum Ingot(CNY/mt)
Aluminum prices fluctuated sharply this week, aluminum price has dropped to CNY 19,910 on Dec. 17
Industry: The tight domestic cost end and raw material supply continue to have an impact on the supply of electrolytic aluminum
Demand: The downstream consumption is in the off-season, and the negative effects of exports are superimposed. The demand performance is weakening, and the weekly operating rate of the aluminum processing industry has dropped by 1 % month-on-month.
Social Treasury: Although export rush support is no longer available, considering that all unexported orders have not been delivered and domestic end-of-year order delivery needs are considered, domestic downstream demand has not retreated significantly, and downstream procurement is mainly based on demand. Domestic electrolytic aluminum ingot social inventory is 546,000 tons. , compared with 10,000 tons destocked last Thursday. Spot prices fell with the market, and the discount widened slightly.
CNY 20,303
Average Price Of The Last 3 Days
CNY 20,330
Average Price Of The Last 5 Days
CNY 20,035
Average price this week