The eight main provinces in China have all seen escalating aluminium prices today. The highest ascend of RMB 370 per tonne was witnessed in Linyi, where the aluminium price got stuck at RMB 20,740 per tonne. In Shenyang and Linyi, the aluminium prices soared by RMB 350 per tonne to close at RMB 20,610 per tonne and RMB 20,670 per tonne, respectively. Similarly, in Gongyi and Foshan, the aluminium prices expanded by RMB 340 per tonne to officiate at RMB 20,630 per tonne and RMB 20,650 per tonne. Also, in Wuxi and Hangzhou, the aluminium prices have levitated by RMB 330 per tonne to close at RMB 20,670 per tonne each. Lastly, in Chongqing, the aluminium price has rested at RMB 20,640 per tonne, with a rise of RMB 320 per tonne.
China’s low carbon aluminium price has levitated by RMB 359 per tonne to officially close at RMB 21,632 per tonne.
The high-purity aluminium (99.99%) price and the high-purity aluminium (99.996%) price have both risen by RMB 300 per tonne to settle at RMB 28,000 per tonne and 29,000 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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