On a week-on-week calculation, the ingot price has edged a fall of RMB 390 per tonne from RMB 19,170 per tonne, while that on a monthly basis has nosedived by RMB 1,450 per tonne from RMB 20,230 per tonne.
China’s domestic low carbon aluminium price has decreased by RMB 71 per tonne to close at RMB 19,694 per tonne. The price of high-purity aluminium (99.99%) has also contracted by RMB 100 per tonne to close at RMB 26,000 per tonne, with average prices to range between RMB 25,600-26,400 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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Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
