Volatility in China’s A00 aluminium market initiated the week with a dip in price by RMB170/t
Views : 41
Update time : 2024-08-05 19:30:37
As of 5th August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the week with an average price of RMB 18,830 per tonne, down by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract may be traded at a discount price of RMB 70 per tonne to RMB 30 per tonne, with an average of RMB 50 per tonne.
Low-carbon aluminium has also shrunk by RMB 171 per tonne, with an average price of RMB 19,687 per tonne. The average price of high-purity aluminium (99.99%) and (99.996%) has declined by RMB 150 per tonne to reach RMB 26,100 per tonne and RMB 27,100 per tonne, ranging between RMB 25,700 per tonne and RMB 26,500 per tonne and RMB 26,700 per tonne to RMB 27,500 per tonne.
