Xin Lang Cai Jing·2026-02-24 11:05Core Viewpoint - The aluminum ingot (AL99.70) spot prices have increased significantly across various regions in China, indicating strong market demand or tight supply, which is expected to drive upward trends in aluminum prices [1][4]. Price Summary - On February 24, 2026, the spot prices for aluminum ingots in different regions are as follows: - East China: 23,390 CNY/ton, up 230 CNY/ton from the previous trading day (February 13) - South China: 23,470 CNY/ton, up 260 CNY/ton - Southwest China: 23,390 CNY/ton, up 240 CNY/ton - Central China: 23,310 CNY/ton, up 230 CNY/ton [1][4]. Market Analysis - The significant price increases across the regions reflect a positive improvement in market fundamentals, with a strong demand or supply constraints being the likely drivers [2][5]. - A score of +2 has been assigned to the aluminum market, indicating a bullish sentiment due to the substantial price increases [2][5]. Pricing Mechanism - The pricing mechanism for aluminum is based on the benchmark price from the Business Society, which utilizes big data and pricing models to generate transaction guidance prices. This can be used for: 1. Settlement prices on specified dates 2. Average settlement prices over specified periods - The pricing formula is defined as: Settlement Price = Business Society Benchmark Price × K + C, where K is an adjustment coefficient and C includes logistics costs, brand price differences, and regional price differences [2][3][5].