According to data updated by Shanghai Metal Market, spot aluminium discounts stood firm and thus, traders and downstream consumers in the spot aluminium market made stable procurements in east China on Tuesday, May 22, 2018. SHFE 1806 contract also traded weakly range-bound in the morning. Transactions in east China stood at RMB 14590 per tonne to RMB 14600 per tonne in Shanghai with discounts settled at RMB 80 to RMB 70 per tonne against the SHFE 1806 contract. In Wuxi and Hangzhou, transactions were mostly heard at RMB 14590 per tonne to RMB 14600 per tonne and RMB 14610 per tonne and RMB 14630 per tonne respectively. In Guangdong, on the other hand, transactions were mostly heard at RMB 14600 per tonne to RMB 14610 per tonne with Guangdong-Shanghai price spreads at RMB 10 per tonne. With sellers been keen to offload cargoes, the price spreads narrowed. Downstream consumers also made a considerable purchase on rising demand. However, despite stable procurements in the spot aluminium market in east China on May 22, the average A00 aluminium ingot price could not observe a rise but plunged from RMB 14610 per tonne to RMB 14490 per tonne today on May 23, 2018. The reason was the surplus supply of aluminium ingots in China market. Lowering of the aluminium price in the international market including the London Metal Exchange also contributed to the cause of aluminium ingot price shrink.