A00 ingot prices drop further in major China markets; prebaked anode registers a rise

The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have plunged continuously in last two days after the last gain on June 21 2017.

Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged from RMB 13,740/t on June 22 2017 to RMB 13,690/t on June 23 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,815/t on June 22 to RMB 13,760/t on June 23.  

The price in East China market (Zhejiang) dropped from RMB 13,700/t on June 22 to RMB 13,650/t on June 23 and for Jiangsu province it dropped from RMB 13,695/t to RMB 13,640/t.

For the Northeast China market, the price dropped from RMB 13,705/t on June 22 to RMB 13,650/t today. For the Southwest China market, the price dropped from RMB 13,745/t to RMB 13,690/t on June 23.

On June 23, China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets for two consecutive days.  

A00 Aluminium Ingot in spot China market is trading at discounts-premium of RMB 100-70/t.

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As for the raw materials in the China market are concerned, prebaked anode prices have registered a dramatic rise on the back of tight supply and strong demand from the smelters.

Prebaked Anode (TY-1) Northwest China has jumped from RMB 3,900/t on June 22 to RMB 4,100/t on June 23. Prebaked Anode (TY-1) Southwest China has jumped from RMB 3,500/t onJune 22 to RMB 3,600/t on June 23. Prebaked Anode (TY-1) Central China has jumped from RMB 3,550/t on June 22 to RMB 3,650/t on June 23. Prebaked Anode (TY-1) East China remains unchanged at RMB 3,905/t on June 23.

Spot alumina remains flat and so are other prime materials.Aluminium fluoride prices in China remain static at RMB 9,000-9,200 per tonne, and Cryolite too remains unchanged at RMB 6,000-6,200 per tonne as on June 23.