CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Export price soars 7.1% on recovering demand, tight supply

Key data from the Wednesday August 5 pricing session in Shanghai.



Key drivers

The front-month aluminium contract on the Shanghai Futures Exchange closed at 14,920 yuan ($2,138) per tonne on Tuesday, the highest since July 13 when the contract reached a three-and-and-half-year high of 15,185 yuan per tonne. The London Metal Exchange three-month daily official aluminium price rose to $1,748.50 per tonne on Tuesday, an increase of 2.3% from...

Published

Hui Li

August 05, 2020

15:38 GMT

Shanghai