China's A00 aluminium ingot price contracts by RMB120/t, reverting to the previous week's level

With the latest fall, the domestic A00 aluminium ingot price is at the same level as the prior week, reaching RMB 21,070 per tonne. The average prices are expected to range between RMB 21,050 per tonne and RMB 21,090 per tonne, with spot contract to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne.

A00 aluminium ingot price in Shenyang has plunged by RMB 150 per tonne to stand at RMB 21,000 per tonne, followed by the downfall of RMB 120 per tonne in Hangzhou to RMB 21,070 per tonne and RMB 110 per tonne in Gongyi, Foshan, Wuxi, Chongqing, and Tianjin to RMB 21,010 per tonne, RMB 20,980 per tonne, RMB 21,090 per tonne, RMB 21,030 per tonne, and RMB 21,090 per tonne, respectively.

The domestic low-carbon aluminium price has dwindled by RMB 85 per tonne on June 5 to reach RMB 21,975 per tonne, showed SMM.