Average price of 04.28-04.30:CNY 20,007/Mt
This week, the average price of aluminum continued to rise compared to last week, with an increase of CNY 59/Mt. The inventory of aluminum ingots continued the trend of destocking this week. As of April 30th, the weekly inventory of domestic aluminum ingots was 614000 tons, a decrease of 29000 tons from the previous day. The continuous depletion of inventory has provided strong support for aluminum prices, indicating that the relatively tight supply of aluminum in the market has further driven up prices. It is expected that the inventory clearance speed will slow down in May, and prices will first decrease and then increase, but remain basically stable at around CNY 20100/Mt
