The spot aluminum price fluctuated slightly in December
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According to the data of business agency, the average market price of domestic aluminum ingots in East China on December 20 was 19596.67 yuan / ton, up 1.01% from the average market price of 19400 yuan / ton on December 17; Compared with the average market price of 18900 yuan / ton at the beginning of the month (December 1), an increase of 3.69%.
At present, the aluminum price has fallen below the high and volatile operation range in the early stage. With the peak value of this year (October 19, 2021) and the average price of aluminum ingot Market of 124240 yuan / ton, it has fallen by 19.16% recently. With the average price of aluminum ingot Market of 15726.67 yuan / ton at the beginning of the year (January 1, 2021) as the benchmark price, the cumulative increase has decreased to 24.61%.
Recent influencing factors
1. Alumina prices fell sharply
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On December 20, 2021, the prices of alumina spot contract of Aluminum Corporation of China Limited are as follows:
The external quotation of Shandong is 2950 yuan / ton, that of Henan is 2950 yuan / ton, that of Shanxi is 2950 yuan / ton, that of Guizhou is 2900 yuan / ton, and that of Guangxi is 2900 yuan / ton.
Compared with the alumina spot contract on December 1, the regional prices fell by 600 yuan / ton, 550 yuan / ton, 550 yuan / ton, 600 yuan / ton and 400 yuan / ton respectively.
2. The output of electrolytic aluminum decreased year-on-year in November
According to the data of the National Bureau of statistics, China’s electrolytic aluminum production in November decreased by 1.8% year-on-year to 3.101 million tons. In November, alumina production decreased by 4.5% year-on-year to 6.05 million tons, the lowest since May 2020. In November, the output of aluminum alloy decreased slightly by 0.3% year-on-year to 906000 tons.
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