SunSirs: Aluminum Prices in China Rose Sharply on January 26

　　On January 26, the average market price of domestic aluminum ingots in East China was 21,606.67 yuan/ton, an increase of 2.00% compared with the average market price of 21,183.33 yuan/ton on the 25th; compared with the average market price of 20,370 yuan/ton at the beginning of the month (January 1), an increase of 6.07%.

　　Taking the peak in 2021 (October 19, 2021), the average market price of aluminum ingots is 24,240 yuan / ton, and the recent deviation from the peak has dropped by 10.86%. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingots is 18,693.33 yuan / ton, a recent increase of 15.58%.

　　Market outlook is expected

　　From a fundamental point of view, the pre-holiday accumulation effect has been reflected, the pre-holiday effect of terminal demand is obvious, and the downstream operating rate has declined. Today’s rise is mainly based on the capital market’s better expectations for the future of the aluminum market.