A00 aluminium ingot price plunges by RMB250/t to settle at RMB21650/t; Aluminium alloy (A356) price closes lower at RMB25350/t

A00 aluminium ingot price in China has opened the week with a plunge of RMB 250 per tonne on Monday, October 25, to stand at RMB 21,650 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 21,630 per tonne and RMB 21,650 per tonne, with average prices likely to range between RMB100-60 per tonne.

In Tianjin, Shenyang, and Linyi, A00 aluminium ingot price has come in at RMB 21,710 per tonne by losing RMB 300 per tonne, RMB 280 per tonne, and RMB 270, respectively. In Wuxi and Gongyi, the primary aluminium ingot price has decreased by RMB 255 per tonne and RMB 250 per tonne to stand at RMB 21,640 per tonne and RMB 21,560 per tonne, while the price in Hangzhou and Chongqing has reduced by RMB 240 per tonne and RMB 225 per tonne to peg at RMB 21,660 per tonne and RMB 21,645 per tonne.

Aluminium alloy (A356) price has declined by RMB 400 per tonne to settle at RMB 25,350 per tonne, with average prices likely to range between RMB 25,300 per tonne and RMB 25,400 per tonne.

Aluminium alloys (ADC12) price and aluminium alloy (A380) price have shrunk by RMB 250 per tonne to close at RMB 23,000 per tonne and RMB 24,200 per tonne, respectively.

Among primary aluminium input costs, aluminium powder price has inched down by RMB 0.3 per kg to close at RMB 24.55 per kg. The average prices are expected to range between RMB 24.50 per kg and RMB 24.60 per kg.