On November 16, the average price of domestic aluminum ingots in the East China market was 18,935.33 yuan/ton, which was 1.20% lower than the average market price of 19183.3 yuan/ton on November 15.
The current aluminum price has fallen below the previous high and fluctuating operating range. At this year's peak (October 19, 2021) aluminum ingot market average price of 124,240 yuan / ton, the recent cumulative decline of 21.81%. Taking the average market price of aluminum ingots at the beginning of the year (January 1, 2021) at 15,726.67 yuan/ton as the benchmark price, the cumulative increase has been reduced to 20.52%.
