China’s A00 aluminium ingot price falls by RMB70/t to RMB18,810/t; Low carbon aluminium price loses RMB98/t
Views : 70
Update time : 2023-11-24 19:36:52
On Thursday, November 23, China’s A00 aluminium ingot has dropped by RMB 70 per tonne to clock at RMB 18,810 per tonne, with the average prices standing between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price may be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne.
As per the Shanghai Metals Market (SMM) data, the price in Foshan has fallen by RMB 90 per tonne to reach RMB 18,900 per tonne. The prices in Wuxi and Hangzhou have also slumped by RMB 70 per tonne to clock at RMB 18,810 per tonne. On the same day, the domestic aluminium ingot price in Tianjin also witnessed the same fall of RMB 70 per tonne to peg at RMB 18,840 per tonne. The A00 aluminium ingot prices in Shenyang and Chongqing have dropped by RMB 60 per tonne and RMB 40 per tonne to halt at RMB 18,840 per tonne. In Linyi and Gongyi, the prices have slipped by RMB 40 per tonne and RMB 20 per tonne to reside at RMB 18,910 per tonne and RMB 18,800 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
