A00 aluminium ingot price grows RMB130/t to settle above RMB18500/t; Aluminium alloy (A356) price gains RMB200/t

According to the Shanghai Metals Market, A00 aluminium ingot price has gained RMB 130 per tonne to close above RMB 18,500 per tonne. On Tuesday, June 22, the price is standing at RMB 18,510 per tonne, with average prices expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne. The spot contract is likely to be traded at a premium price of RMB 10-50 per tonne.

In Shenyang, A00 aluminium ingot price has increased the highest by RMB 155 per tonne to settle at RMB 18,510 per tonne on June 22. In Hangzhou, the price has grown by RMB 150 per tonne to RMB 18,530 per tonne, followed by the hike of RMB 135 per tonne in Wuxi to RMB 18,510 per tonne. In Gongyi and Linyi, primary aluminium ingot price has gained RMB 120 per tonne and RMB 110 per tonne to come in at RMB 18,500 per tonne and RMB 18,510 per tonne, respectively. In Chongqing, the price is standing at RMB 18,550 per tonne by also gaining RMB 110 per tonne, while the price in Tianjin has grown by RMB 100 per tonne to close at RMB 18,490 per tonne.

Aluminium alloy (A356) price has edged RMB 200 per tonne higher to come in at RMB 19,150 per tonne on June 22. The average prices are likely to range between RMB 19,100 per tonne and RMB 19,200 per tonne.

Aluminium alloys (ADC12) price and aluminium alloy (A380) price have, however, remained restrained at RMB 18,300 per tonne and RMB 19,300 per tonne, respectively.

Primary aluminium input costs have remained muted except for the price of aluminium powder. According to SMM data, aluminium powder price has inched up by RMB 0.10 per kg on June 22 to stand at RMB 22.05 per kg. Average prices are expected to hover around RMB 22-22.10 per kg.