China’s A00 ingot price declines by RMB180/t, depicting weaker-than-expected demand trend

The average price range of aluminum ingot is likely to be between RMB 20,360-20,400 per tonne, with a spot contract to be offered at a premium price range of RMB 0-40 per tonne.

The aluminium ingot price in Hang Zhou and Chong Qing region has decreased a maximum of RMB 200 per tonne, averaging at 20,380 and 20,300 per tonne, respectively.  Aluminum ingot price in Gong Yi, Wu Xi, Shen Yang and Lin Yi are at RMB 20,330, RMB 20,370, RMB 20360, and RMB 20430 per tonne, showing a decrease of RMP 190 per tonne. In Foshan region, the price has descended by RMB 180 per tonne to settle at RMB 20200 per tonne.