Low demand and import tariffs result in a chronic M-o-M loss of China's A00 Aluminium ingot price

Today, the average prices are estimated to hover around RMB 19,740-19,780 per tonne, with the spot contract likely to be executed at a discount price ranging from RMB 60-20 per tonne.

SMM predicts the price of A00 aluminium ingot will stay low due to a surge in domestic production, which is expected to exceed current demand until it catches up. Additionally, tariffs on China's aluminium have reduced global consumption, preventing significant price growth.