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On Tuesday, June 4, A00 aluminium ingot price in China has dropped by RMB 10 per tonne to halt at RMB 18,540 per tonne, as heavy rainfall in the Yunnan region has resulted in a drop in production. The spot contract price is expected to be traded at a premium price of RMB 150 and RMB 190 per tonne. The average prices are expected to range between RMB 18,520 per tonne and RMB 18,560 per tonne.The A00 aluminium ingot prices have dropped in almost all the provinces, except in Chongqing and Shenyang, where it has grown by RMB 50 per tonne and RMB 10 per tonne to score at RMB 18,610 per tonne and RMB 18,510 per tonne. China"s recovery is expected to continue, although at a sluggish pace, with investment and industry trailing behind. On M-o-M calculation, the A00 aluminium ingot price has also hiked by RMB 130 per tonne from RMB 18,410 per tonne recorded on June 5.As per the data, the A00 aluminium ingot price in Linyi has plummeted by RMB 80 per tonne to settle at RMB 18,390 per tonne. In Gongyi and Tianjin, the price has fallen by RMB 50 per tonne to close at RMB 18,300 per tonne and RMB 18,520 per tonne. On the same day, the prices in Foshan and Wuxi slumped by RMB 30 per tonne and RMB 20 per tonne to reside at RMB 18,710 per tonne and RMB 18,500 per tonne. In Hangzhou, the price has slipped by RMB 10 per tonne to reach RMB 18,510 per tonne.The average alumina spot price has moved up by RMB 2 per tonne to stop at RMB 2,820 per tonne. In Guangxi and Henan, the prices have ascended by RMB 10 per tonne and RMB 5 per tonne to clock at RMB 2,800 per tonne and RMB 2,880 per tonne. The domestic price of low-carbon aluminium has increased by RMB 41 per tonne to halt at RMB 19,364 per tonne.
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