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MYMETAL: China Al prices spiral down, but demand stable

ABSTRACT

China’s domestic aluminum market saw prices soften over June 3-9, according to the latest survey conducted by Mymetal, Mysteel’s nonferrous metals data collection arm. However, the demand among end-users remained relatively healthy over the period.
As of June 9, the national price of 99.7% aluminum ingot, for example, had eased by Yuan 287/tonne ($45/t) on week to Yuan 18,429/tonne including the 13% VAT, according to Mymetal’s assessment. In the futures market, the most-traded aluminum contract on the Shanghai Futures Exchange (SHFE) for July delivery also closed the daytime trading session on June

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