September 30, 2026 — China’s domestic aluminum ingot market closed lower for the fourth time in five sessions. The Changjiang Nonferrous Metals Network (CCMN) A00 aluminum ingot benchmark fell RMB 80/tonne on the day — its steepest single-day drop of the week. Offshore, COMEX aluminum futures also retreated, pointing to a broad-based pullback rather than a purely domestic move.
Based on CCMN’s published daily changes, the estimated tax-included spot level now sits near RMB 24,030/tonne, down from RMB 24,270/tonne on September 22 — a decline of about 1.0% in six sessions.
Cross-Platform Price Snapshot
| Benchmark | Latest quote | Day-on-day | Source |
|---|---|---|---|
| CCMN A00 aluminum ingot, spot (tax incl.) | ≈ RMB 24,030/t* | -80 RMB/t | Changjiang Nonferrous Metals Network |
| COMEX aluminum, front month | USD 3,291/t | -29 USD/t (-0.88%) | Yahoo Finance |
*Estimated from CCMN’s published daily changes against the September 22 average of RMB 24,270/t. CCMN’s absolute spot levels are member-only; day-on-day changes are public.
CCMN A00: Daily Changes
After a flat session on September 24, selling pressure returned with three consecutive declines of RMB 70, 60 and 80/tonne into month-end.
CCMN Spot Level Trend
Offshore: COMEX Also Lower
COMEX aluminum front-month futures have fallen for five straight sessions, from USD 3,474.8/t on September 22 to USD 3,291.2/t — a 5.3% retreat from the recent high. The parallel weakness at home and abroad suggests month-end position squaring and pre-holiday caution are weighing on both markets, rather than a China-specific repricing.
What It Means for Panel Buyers
For buyers of aluminum façade panels and sheet, ingot is the single largest cost input. A sustained RMB 200+/tonne retreat in the ingot benchmark typically feeds through to mill and fabricator pricing within one to two quotation cycles. Buyers with Q4 project pipelines may find this a constructive window to request fresh quotes — while remembering that surface treatment (PVDF, powder coating) and fabrication complexity still dominate the final panel price.
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Data Notes
- CCMN day-on-day changes are taken directly from CCMN’s daily A00 aluminum ingot reports (alu.ccmn.cn).
- CCMN spot levels are reconstructed estimates, not CCMN-published figures.
- COMEX front-month prices via Yahoo Finance (futures contract, not LME 3-month).
This briefing is for information only and does not constitute investment advice.
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