暴涨！铝价破2.2万！本周铝价价格回顾（12月7日）

Core Viewpoint - In the first week of December, aluminum prices surged significantly, reaching a historical high of 22,080 yuan per ton, marking an increase of approximately 640 yuan per ton from the average price of 21,440 yuan on November 28, the highest in nearly three years [2][5][6] Supply and Demand Dynamics - The price increase is driven by a tight balance between supply and demand, with supply constrained by a rigid production capacity limit of 45 million tons, leading to near-full operational capacity [2][5] - The high proportion of direct aluminum supply and the scarcity of deliverable aluminum ingots have resulted in a complete loss of supply elasticity [2][5] - On the demand side, there is an explosive demand from emerging sectors such as new energy vehicles and photovoltaic energy storage, coupled with year-end stocking, which further supports the price amid low inventory levels [2][5] Macroeconomic Factors - The expectation of interest rate cuts by the Federal Reserve and a weakening dollar have created a favorable macroeconomic environment that catalyzes the rise in aluminum prices [2][6]