On Thursday, April 18, China’s A00 aluminium ingot price ascended by US$60 per tonne to clock at US$20,220 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,200 per tonne and RMB 20,240 per tonne.
As per the SMM data, the prices in Linyi and Tianjin have hiked by RMB 90 per tonne and RMB 80 per tonne to arrive at RMB 20,300 per tonne and RMB 20,270 per tonne. The A00 aluminium ingot prices in Shenyang and Foshan have grown by RMB 70 per tonne, settling at RMB 20,170 per tonne and RMB 20,220 per tonne.
In Chongqing and Gongyi, the prices have risen by RMB 60 per tonne, reaching RMB 20,220 per tonne and RMB 20,170 per tonne. The prices in Wuxi and Hangzhou have added RMB 50 per tonne and RMB 40 per tonne to clock at RMB 20,220 per tonne.
The domestic price of low-carbon aluminium has seen a significant surge, rising by RMB 80 per tonne to settle at RMB 21,262 per tonne. This increase has also influenced the price of aluminium alloy (A356), which has hiked by RMB 50 per tonne to arrive at RMB 20,800 per tonne, with the average prices between RMB 20,600 per tonne and RMB 21,000 per tonne.
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