Spot alumina prices in major China markets continue to rise; A00 aluminium ingot on upward track

Spot alumina prices in China have registered a gain in May and now continue to grow firm throughout all the major markets.

As on May 26 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market increased from RMB 2,440/t on May 25 to stand at RMB 2,490 /t.  In the Central China Market, the average spot alumina price stands at RMB 2,480 /t, up from RMB 2,430/t on May 25.

The average spot alumina price in South China market increased from RMB 2,375/t on May 25 to stand at RMB 2,445/t today. In the North China Market, the average spot alumina price increased from RMB 2,420/t on May 25 to stand at RMB 2,475/t. Market price difference between north China and south China dropped to RMB 30/t.

Alumina prices from large scale alumina enterprises remained firm.  Chalco alumina prices remain unchanged from May 23 at RMB 2,550/t and are expected to move within a range of RMB 2,500- 2,600/t.

In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t.

Currently, among the domestic markets, East China market has the highest alumina price North China following close.

The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have registered a gain today from yesterday May 25. Currently, among the domestic markets, A00 Aluminium Ingot at South China market registers the highest price at RMB 13,980/t and is expected to move within a range of RMB 13,970- 13,990 /t. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 100-60/t.

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Price for Aluminium Alloy(A380) in China stands at RMB 15,750/t and is expected to move within a range of RMB 15,650- 15,850/t over the day. Aluminium Alloy (A356) price stands at RMB 14,550/t and expected to move within a range of RMB 14,500- 14,600/t.