China’s A00 aluminium ingot price starts regaining but shows no sign of jump due to weak demand

Even after the second day of rise, the price of A00 aluminium ingot has continued to demonstrate a downtrend compared with RMB 20,660 per tonne on June 13 and RMB 20,860 per tonne on May 20. Thus, on a week-on-week basis, the domestic price has recorded a fall of 1.02 per cent, and on a month-on-month basis, the price has registered a decline of 1.97 per cent.

Among the Chinese provinces, Tianjin has encountered the highest price growth of RMB 80 per tonne to RMB 20,530 per tonne, with average prices ranging between RMB 20,520-20,540 per tonne. In Foshan, A00 aluminium ingot price has climbed up by RMB 60 per tonne to RMB 20,270 per tonne, followed by a rise of RMB 50 per tonne in Wuxi, Hangzhou, Chongqing, and Shenyang to RMB 20,430 per tonne, RMB 20,450 per tonne, RMB 20,360 per tonne, and RMB 20,400 per tonne, respectively.

On the same day, China’s domestic low-carbon aluminium price has also seen a growth of RMB 50 per tonne to stand at RMB 21,195 per tonne. High-purity aluminium (99.99%) price has surged by RMB 100 per tonne, amounting to RMB 27,800 per tonne, with average prices to hover around RMB 27,400-28,200 per tonne.