China’s SMM aluminium ingot price plunges 1.79% Y-o-Y; Low-carbon aluminium price loses RMB178/t

If the SMM aluminium price on November 30, last year, is taken into account, a year-on-year slump of RMB 340 per tonne or 1.79 per cent can be seen.

China’s eight main provinces have all witnessed declining prices today, with the SMM aluminium price stooping the highest in Foshan by RMB 160 per tonne, closing at RMB 18,720 per tonne finally. In Hangzhou, the aluminium price has decreased by RMB 140 per tonne to rest at RMB 18,620 per tonne, followed by RMB 130 per tonne drop in Wuxi and Shenyang, with the prices officiating at RMB 18,620 per tonne and RMB 18,690 per tonne, respectively. The aluminium price in Chongqing drooped by RMB 110 per tonne to halt at RMB 18,660 per tonne, while in Tianjin and Gongyi, there have been RMB 90 per tonne plunge with the prices resting at RMB 18,680 per tonne and RMB 18,700 per tonne. Lastly, in Linyi, the aluminium price shed RMB 70 per tonne to park at RMB 18,700 per tonne.