Aluminum price lowered on April 7

According to the data of business agency, on April 7, the average market price of domestic aluminum ingots in East China was 22036.67 yuan / ton, a daily decrease of 2.02%, a year-on-year increase of 25.76%, down 3.09% from the average market price of 22740 yuan / ton at the beginning of the month (4.1); Compared with the average market price of 20370 yuan / ton at the beginning of the year (January 1), an increase of 8.18%.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 9.09% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 17.89% recently.

Main reasons for aluminum price reduction on April 7

1. According to the inventory data, the main social inventory has remained above 1 million tons in the near future. At present, it has risen slightly, and the inventory is about 1.075 million tons; According to the delivery data of major regions, the domestic weekly delivery volume increased month on month and decreased year on year, and the delivery volume of Wuxi, Shanghai and Shenyang decreased slightly.

2. The price is high in the early stage, with 23000 yuan mark. After many games between the supplier and the demander, the downstream operating rate is narrowed and the supplier is suppressed in the short term.