A00 aluminium ingot price in China hikes by RMB140/t to RMB 18,990/t; Low carbon aluminium price gains RMB93/t
On Thursday, November 17, the A00 aluminium ingot price hiked by RMB 140 per tonne to settle at RMB 18,990 per tonne, with the average prices ranging between RMB 18,970 per tonne and RMB 19,010 per tonne. The spot contract price is expected to be traded at a premium price of RMB 30 per tonne and 70 per tonne.
Gongyi and Tianjin's price has increased by RMB 160 per tonne and RMB 140 per tonne to close at RMB 18,940 per tonne and RMB 18,960 per tonne. On the same day, the prices in Shenyang and Linyi have grown by RMB 110 per tonne to rest at RMB 18,940 per tonne and RMB 19,050 per tonne. The A00 aluminium ingot price in Chongqing and Foshan has increased by RMB 100 per tonne and RMB 90 per tonne to peg at RMB 19,120 per tonne and RMB 19,110 per tonne. In Wuxi and Hangzhou, the prices have climbed up by RMB 85 per tonne and RMB 80 per tonne to stand at RMB 18,865 per tonne and RMB 18,880 per tonne.
The domestic price of low carbon aluminium in China has gained RMB 93 per tonne, scoring at RMB 19,711 per tonne. The high-purity aluminium (99.99%) price and high purity aluminium (99.996%) price have ascended by RMB 100 per tonne to stop at RMB 27,200 per tonne and RMB 28,200 per tonne.
As per the SMM data, the aluminium alloys (ADC12) price and aluminium alloy (A380) price has witnessed a growth of RMB 50 per tonne to settle at RMB 19,250 per tonne and RMB 20,250 per tonne. The average price for (ADC12) is expected to orbit between RMB 19,150 per tonne and RMB 19,350 per tonne, and for (A380) the average price may range between RMB 20,150 per tonne and RMB 20,350 per tonne. The aluminium alloy (A356) price has gained RMB 150 per tonne to halt at RMB 20,250 per tonne, with the average prices standing between RMB 20,100 per tonne and RMB 20,400 per tonne.
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The aluminium powder price has inched up by RMB 0.1 per kg to halt at RMB 20.7 per kg, with the average prices ranging between RMB 20.6 per kg to RMB20.8 per kg.
LME benchmark aluminium price shrinks by US$17/t; SHFE aluminium price trickles down US$16/t
Next articleNALCO’s aluminium ingot price continues to grow back-to-back accumulating INR5600/t on Nov. 16
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