UTC+8 ( BJT)

MYMETAL: China Al price stable, fundamentals still firm

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


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227