Although the average price saw a significant incline by RMB 460 per tonne from RMB 19,000 per tonne in the previous month, this month started on a gloomy note. The spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne, with an average of RMB 80 per tonne.
Low carbon aluminium price has diminished by RMB 144 per tonne to officiate at RMB 20,310 per tonne. High-purity aluminium (99.99%) and (99.996%) are also down by RMB 100 per tonne to stand at RMB 26,600 and RMB 27,600 per tonne, respectively.
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
