China’s A00 aluminium ingot price drops by RMB30/t amid muted input costs

The average prices are expected to range between RMB 20,330 per tonne and 20,370 per tonne, with a spot contract being offered at a discount price of RMB 50-10 per tonne.

The price range of aluminium ingot across different regions has varied like in Gong Yi, Foshan, Wu Xi, and Chong Qing regions, the prices stand at RMB 20,280, 20,160, 20,350, and 20,260 per tonne, respectively, experiencing a downfall of RMB 50, 40, 20 and 40 per tonne. Also, in Tian Jin and Lin Yi, the price has decreased by RMB 25 and 30 per tonne to settle at RMB 20,450 per tonne and RMB 20,400 per tonne. Exceptionally, the cost of A00 aluminium ingot in the Shen Yang region has increased by RMB 10 per tonne to stand at RMB 20,370 per tonne.

On June 18, China’s domestic low-carbon aluminium price has dwindled by RMB 58 per tonne to close at RMB 21,145 per tonne.