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 has been 18.43%. 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, a cumulative increase of 25.73%.

　　Influencing factors

　　The price of overseas aluminum alloy stagnated, and it was slightly green. The transmission of natural gas from the United States to Europe has brought down the price of natural gas in Europe, and the energy contradiction has been slightly eased. The main reason for the increase in this round of rise has gradually disappeared.

　　After the recent rebound in aluminum prices, the market is generally trading, mainly because consumption has entered the off-season recently, especially the weak demand for construction aluminum profiles and aluminum cables is expected to be strong. On the supply side, Yunnan’s resumption of production is expected to increase. Increased. It is expected that the depletion of domestic inventories will slow down.

　　The price of 441# metal silicon dropped again on the 28th. The average domestic market price was 21,460 yuan/ton. The price of silicon basically bottomed out. Due to the increase in electricity prices, some enterprises in Yunnan have shut down their furnaces for maintenance. The quotations of downstream silicones rose slightly. At the end of the year, the sentiment of downstream replenishment increased significantly, but the overall inventory in the market is currently large, and the downstream has a strong attitude of lowering prices. The price of aluminum alloy has fallen further, the purchase demand for raw materials is weak, and the demand for metal silicon has been weak.

　　Outlook forecast

　　Overall, the price of silicon metal is still stable in the short term.