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MYMETAL: China Al prices strengthen after CNY holiday

Domestic aluminum prices across China have surged over the past few days thanks to bullish sentiment and support from the metal’s own fundamentals, according to Mymetal, Mysteel’s nonferrous metals data collection arm.
As of February 22, Mymetal’s assessment of the national price of 99.7% aluminum ingot had soared to Yuan 16,701/tonne ($2,587/t) on delivery and including 13% VAT, higher by a large Yuan 972/t from the price on February 10, the last working day before the start of the Chinese New Year holiday over February 11-17. In


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