On the same day, the prices in Henan, Shanxi and Guangxi have hiked by RMB 50 per tonne to clock at RMB 5,050 per tonne, RMB 5,110 per tonne and RMB 5,000 per tonne. As per the SMM data, the price in Shandong has ascended by RMB 25 per tonne to arrive at RMB 5,060 per tonne. Both Lianyungang and Bayuquan have shown a growth of RMB 100 per tonne to peg at RMB 4,700 per tonne.
The domestic price of low carbon aluminium has lost RMB 62 per tonne to peg at RMB 21,703 per tonne. The price of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) has declined by RMB 100 per tonne to halt at RMB 27,800 per tonne and RMB 28,800 per tonne.
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Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
