A00 aluminium ingot price in China surges by RMB80/t; Aluminium alloy (A356) price ascends by RMB50/t

China’s A00 aluminium ingot price stopped at RMB 21,830 per tonne, after witnessing a rise of RMB 80 per tonne on Thursday, April 21, opines SMM. The average price is expected to hover between RMB 21,810 per tonne and RMB 21,850 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne.

The price in Gongyi and Foshan has soared up by RMB 100 per tonne to settle at RMB 21,830 per tonne and RMB 21,960 per tonne. As of today, Wuxi and Shanghai witnessed a hike of RMB 280 per tonne to peg at RMB 21,745 per tonne and RMB 21,870 per tonne. In Chongqing and Shenyang the price has climbed up by RMB 80 per tonne and RMB 30 per tonne, to come in at RMB 21,860 per tonne and RMB 21,780 per tonne. In Linyi the price has moved up by RMB 70 per tonne to record at RMB 21,920 per tonne. On the other hand in Tianjin, the price has climbed up by RMB 10 per tonne to score at RMB 21,780 per tonne.

Aluminium alloy (ADC12) price and (A380) price has remained unchanged to record at RMB 21,800 per tonne and RMB 22,800 per tonne. For the same day, aluminium alloy (A356) price has gone up by RMB 50 per tonne to score at RMB 23,000 per tonne, with average prices likely to orbit between RMB 22,900 per tonne and RMB 23,100 per tonne.

The Australian alumina FOB price has declined by US$7 per tonne to come in at US$371 per tonne. For the same day, the aluminium powder price has inched up by RMB 0.1 per kg to settle at RMB 23.4 per kg, with average prices likely to orbit between RMB 23.3 per kg and RMB 23.5 per kg.