Fastmarkets assessed the price of aluminium ingot ADC12, exw dp China
at 16,600-16,800 yuan ($2,567-2,598) per tonne on Wednesday, down 200-400 yuan per tonne from 16,800-17,200 yuan per tonne last week.
The price touched a three-year high of 17,000-17,600 yuan per tonne on December 7. It maintained this level until December 30 when it started to retreat for the first of three consecutive weeks on greater availability of aluminium scrap supply with consumers in ex-China regions off for Christmas and New Year holidays.
Sources cited aluminium scrap prices at around 13,000 yuan per tonne on Tuesday, down...