Aluminium Price in China Falls 0.8% to USD 3,587/tonne
The China aluminium price slipped week on week but remains 23.2% higher than a year ago, with supply-side constraints and pre-holiday restocking shaping trade.
Aluminium in China was quoted at USD 3,587/tonne as of 2026-09-30, a weekly decline of 0.8% from USD 3,616/tonne on 2026-09-23. The monthly change was positive at 0.5%, up from USD 3,570/tonne on 2026-08-31, and the price has gained 7.9% over the quarter from USD 3,323/tonne on 2026-07-02. Year on year, the increase stands at 23.2%, from USD 2,912/tonne on 2025-09-30.
Over the past 52 weeks the commodity reached a high of USD 3,690/tonne on 2026-04-17 and a low of USD 2,912/tonne on 2025-10-01.
On the supply side, Reuters reported on 2026-09-08 that China's national aluminium output has exceeded the 45-million-metric-ton capacity cap since March due to operational improvements at smelters. According to Discovery Alert on 2026-09-26, China's aluminium ingot stocks fell by 118,000 tonnes in the two weeks leading to September 24, 2026, driven by pre-holiday restocking and logistics bottlenecks.
Shanghai Metals Market reported on 2026-09-30 that billet plants in Guangxi and Xinjiang implemented maintenance-related production cuts in late September 2026, contributing to regional supply divergence. Mysteel data from the same date showed China's primary aluminium imports in August 2026 totaled 185,500 tonnes, a 14.65% year-on-year decrease, while exports fell 14.53% year-on-year.