Industry News

China’s A00 aluminium ingot price dumps RMB170/t over the weekend, standing at 2.2% lower M-o-M

Views : 82
Update time : 2024-02-27 17:08:37
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract to be traded at a discount price of RMB 50-10 per tonne.

Compared to the same period last week, today’s domestic aluminium ingot price stands 0.64 per cent lower than 18,820 per tonne. Similarly, on a month-on-month basis, the price has registered a plunge of 2.2 per cent from RMB 19,120 per tonne.

A00 aluminium ingot prices in Foshan and Hangzhou also declined by RMB 170 per tonne over the weekend to stand at RMB 18,790 per tonne and RMB 18,700 per tonne, respectively. In Gongyi and Wuxi, the prices witnessed a fall of RMB 160 per tonne, standing at RMB 18,610 per tonne and RMB 18,710 per tonne, while the prices in Chongqing and Shenyang declined by RMB 150 per tonne and RMB 140 per tonne to come in at RMB 18,700 per tonne and RMB 18,750 per tonne.

China’s domestic low-carbon aluminium price shrunk RMB 180 per tonne on February 26, starting the week at RMB 18,605 per tonne. The high-purity aluminium (99.99%) price descended by RMB 200 per tonne to settle at RMB 26,100 per tonne, with average prices estimated to range between RMB 25,600 per tonne and RMB 26,600 per tonne.

Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL