China's A00 Aluminium ingot market initiated the week with a decline of RMB 50/t with stable raw material prices
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Update time : 2024-09-10 16:11:20
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,140 per tonne to RMB 19,180 per tonne.
The price of low-carbon aluminium has also dwindled by 53 per tonne, now standing at RMB 20,029 per tonne. High-purity aluminium (99.99%) and (99.996%) have also seen a downfall in price by RMB 100 per tonne, sticking at RMB 26,200 per tonne and RMB 27,200 per tonne, respectively.
