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MYMETAL: China aluminum prices fluctuate at high level

ABSTRACT

China’s domestic aluminum prices fluctuated at high levels over the September 9-15 week, with the national price of 99.7% primary aluminum ingot under Mymetal’s assessment reaching a record Yuan 23,342/tonne ($3,629/t) including 13% VAT on September 13 – the highest since Mymetal launched the assessment in April 2007.
By September 15, the price had eased to Yuan 22,190/t, though it was still Yuan 469/t higher on week. Mymetal is Mysteel’s nonferrous market intelligence arm. “Over the past week, market concerns about the persisting constraints on primary ingot supplies were still the major reason bolstering the metal’s prices,” a Shanghai-based market analyst commented. “But as

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