A00 aluminium ingot price in China elevates to RMB 18,760/t; Low carbon aluminium price hikes by RMB200/t
On Friday, November 11, A00 aluminium ingot price in China has hiked by RMB 210 per tonne to settle at RMB 18,760 per tonne, with the average prices standing between RMB 18,740 per tonne and RMB 18,780 per tonne. The spot contract price is expected to be traded at a discount price of RMB 60 to RMB 20 per tonne.
The price in Wuxi has increased by RMB 215 per tonne to settle at RMB 18,745 per tonne, followed by Foshan and Shenyang, where the prices have ascended by RMB 200 per tonne to peg at RMB 18,990 per tonne and RMB 18,690 per tonne. On the same day, prices in Gongyi, Hangzhou and Linyi has gone up by RMB 190 per tonne to halt at RMB 18,620 per tonne, RMB 18,750 per tonne and RMB 18,790 per tonne. The A00 aluminium ingot price in Tianjin has climbed up by RMB 180 per tonne to stand at RMB 18,750 per tonne. Only in Chongqing the price has fallen by RMB 20 per tonne to come in at RMB 18,750 per tonne.
The domestic price of low carbon aluminium in China has surged by RMB 200 per tonne to clock at RMB 19,593 per tonne. The prices of high purity aluminium (99.99%) and high purity aluminium (99.996%) have escalated by RMB 200 per tonne to stop at RMB 27,000 per tonne and RMB 28,000 per tonne.
The price of aluminium alloys (ADC12) and aluminium alloy (A380) have increased by RMB 100 per tonne to score at RMB 19,200 per tonne and RMB 20,200 per tonne. The average price for (ADC12) is expected to stand between RMB 19,100 per tonne and RMB 19,300 per tonne. For aluminium alloy (A380) the average price may orbit between RMB 20,100 per tonne and RMB 20,300 per tonne.
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As per the SMM data, aluminium alloy (A356) price has escalated by RMB 200 per tonne to halt at RMB 20,000 per tonne, with the average prices standing between RMB 19,900 per tonne and RMB 20,100 per tonne. The aluminium powder price has inched up by RMB 0.2 per kg to stop at RMB 20.5 per kg with the average prices ranging between RMB 20.4 per kg to RMB 20.6 per kg.
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