A00 aluminium ingot price in China grows to RMB 18,110/t; Low carbon aluminium price hikes by RMB130/t
The A00 aluminium ingot price on Wednesday, January 11, has increased by RMB 110 per tonne to halt at RMB 18,110 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average may range between RMB 18,090 per tonne and RMB 18,130 per tonne.
In Tianjin and Shenyang, the prices have surged by RMB 175 per tonne and RMB 155 per tonne to settle at RMB 18,125 per tonne and RMB 18,155 per tonne. The A00 aluminium ingot price in Chongqing has ascended by RMB 140 per tonne to peg at RMB 18,180 per tonne. On the same day, the prices in Foshan and Hangzhou climbed up by RMB 130 per tonne to score at RMB 18,150 per tonne and RMB 18,140 per tonne. As per the SMM data, the price in Gongyi settled at RMB 17,960 per tonne after recording a growth of RMB 120 per tonne. In Wuxi and Linyi, the prices have climbed up by RMB 110 per tonne to clock at RMB 18,105 per tonne and RMB 18,160 per tonne.
The domestic price of low carbon aluminium in China has gone up by RMB 130 per tonne to come in at RMB 18,732 per tonne. The high purity aluminium (99.99%) and the high purity aluminium (99.996%) prices have also climbed up by RMB 100 per tonne to reside at RMB 26,100 per tonne and RMB 27,100 per tonne.
The aluminium alloys (ADC12) price and aluminium alloy (A380) price have climbed up by RMB 50 per tonne to stand at RMB 19,300 per tonne and RMB 20,300 per tonne. The average price for (ADC12) is expected to range between RMB 19,200 per tonne and RMB 19,400 per tonne. For (A380) the average price may orbit between RMB 20,200 per tonne and RMB 20,400 per tonne. Aluminium alloy (A356) price has expanded by RMB 100 per tonne to stop at RMB 19,250 per tonne, with the average price standing between RMB 19,100 per tonne and RMB 19,400 per tonne.
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The aluminium powder price has inched up by RMB 0.1 per kg to close at RMB 19.8 per kg, with the average prices expected to range between RMB 19.7 per kg to RMB 19.9 per kg.
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