China’s A00 aluminium ingot price records a sharp M-o-M fall of RMB1060/t, standing at a 4-month low

In Gongyi, the A00 aluminium ingot price has descended by RMB 100 per tonne to stand at RMB 19,090 per tonne, followed by a downfall of RMB 90 per tonne in Foshan, Hangzhou, and Tianjin to peg at RMB 19,100 per tonne, RMB 19,200 per tonne, and RMB 19,250 per tonne, respectively. In Wuxi and Chongqing, A00 aluminium ingot price has shed off RMB 80 per tonne to clock at RMB 19,200 per tonne and RMB 19,180 per tonne, while the price in Shenyang has dwindled by RMB 70 per tonne to RMB 19,170 per tonne.

China’s domestic low-carbon aluminium price has further decreased by RMB 98 per tonne to stand at RMB 20,019 per tonne, reflecting a week-on-week fall of RMB492 per tonne and a month-on-month downswing of RMB 1,002 per tonne.

The price of high-purity aluminium (99.99%) has slumped by RMB 100 per tonne to peg at RMB 26,500 per tonne, with average prices likely to range between RMB 26,100 per tonne and RMB 26,900 per tonne.