SMM A00 aluminium ingot price adds RMB40/t today, down RMB20/t W-o-W; China’s low carbon aluminium price gains RMB109/t

The Shanghai Metals Market has witnessed a rise of RMB 40 per tonne today, closing at RMB 21,070 per tonne, with the average prices hovering between RMB 21,050 per tonne and RMB 21,090 per tonne. On a week-on-week scale, there has been a drop of RMB 20 per tonne from RMB 21,090 per tonne recorded on May 22.
The eight main provinces in China have all seen a slight increase in aluminium prices, with the highest spike of RMB 110 per tonne marked in Tianjin, where the aluminium price stood at RMB 21,060 per tonne. In Wuxi and Shenyang, the aluminium prices have added RMB 60 per tonne each to officially close at RMB 21,070 per tonne and RMB 20,990 per tonne, respectively. The aluminium prices in Gongyi and Linyi have both gained RMB 50 per tonne to stop at RMB 20,970 per tonne and RMB 21,060 per tonne, respectively. In Hangzhou, the aluminium price has ascended by RMB 40 per tonne to settle at RMB 21,060 per tonne, while the aluminium price in Chongqing has added RMB 30 per tonne to officiate at RMB 21,000 per tonne. Lastly, in Foshan, the aluminium price has gathered RMB 10 per tonne to halt at RMB 20,970 per tonne.