MYMETAL: China Al price stable, fundamentals still firm
Oct 27, 2020 18:00
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China’s price of primary aluminum continued to hover high over October 19-23 as fundamentals were still relatively healthy, with demand showing no major change, according to Mymetal, Mysteel’s nonferrous metals data collection arm.
As of October 23, China’s national price of 99.7% aluminum ingot as assessed by Mymetal had eased slightly to Yuan 14,930/t ($2.227/t) including 13% VAT and on delivery, down from its three-month high of Yuan 15,007/tonne reached on October 19 but still up Yuan 28/t on week.
The most-traded aluminum futures