Xin Lang Cai Jing·2026-02-09 10:09Core Viewpoint - The spot prices of aluminum ingots (AL99.70) have significantly increased across various regions in China as of February 9, 2026, indicating strong market demand or supply constraints, which is favorable for spot prices [1][4]. Price Summary - In East China, the price is quoted at 23,400 CNY/ton, in South China at 23,430 CNY/ton, in Southwest China at 23,370 CNY/ton, and in Central China at 23,280 CNY/ton. These prices represent increases of 260 CNY/ton, 290 CNY/ton, 260 CNY/ton, and 250 CNY/ton respectively compared to the previous trading day (February 6) [1][4]. Market Analysis - The significant price increases suggest robust demand for aluminum or tight supply conditions, which is likely driven by a recovery in downstream manufacturing or a reduction in inventory levels, leading to a bullish sentiment in the short term [2][5]. Pricing Mechanism - The benchmark price from the Business Society is derived from big data and pricing models, serving as a trading guide price. It can be used to determine settlement prices for specified dates or average prices over specified periods. The pricing formula is: Settlement Price = Business Society Benchmark Price × K + C, where K is an adjustment coefficient and C includes premiums related to logistics, brand price differences, and regional price differences [2][3][5].