Aluminum prices strengthen in January
Aluminum prices strengthened overall in January, but as the Spring Festival approaches, the trend of aluminum prices begins to turn around. According to the Commodity Market Analysis System of Shengyi Society, as of January 23, 2025, the average price of aluminum ingots in the East China market in China was 20213.33 yuan/ton, an increase of 2.17% from the market average price of 19783.33 yuan/ton on January 1, and a decrease of 0.62% from yesterday.
Recently, aluminum prices have reversed the decline of the past two months, and have stopped falling and risen, with a slight rebound in aluminum prices. However, the price of its main raw material alumina continued to plummet, with prices continuing to decline in January.
The trend of alumina prices and aluminum prices deviated in January, and the cost support for aluminum prices in the early stage weakened, leading to a recovery in aluminum plant profits.
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