A00 aluminium ingot price records back-to-back hike to RMB20840/t; Aluminium alloy (A356) price gains RMB300/t

According to the Shanghai Metals Market, A00 aluminium ingot price in China has built up by RMB 300 per tonne on Monday, June 6, to stand at RMB 20,840 per tonne. This has marked the second consecutive hike following a rise of RMB 350 per tonne. Today, the average prices are expected to range between RMB 20,820 per tonne and RMB 20,860 per tonne, with spot contract to be traded at a discount price of RMB 60-20 per tonne.

In Wuxi and Hangzhou, the primary aluminium ingot price has also climbed up by RMB 300 per tonne to come in at RMB 20,810 per tonne and RMB 20,840 per tonne, followed by a rise of RMB 290 per tonne in Foshan to settle at RMB 20,790 per tonne. In Chongqing and Shenyang, A00 aluminium ingot price has expanded by RMB 270 per tonne and RMB 260 per tonne to stand at RMB 20,790 per tonne and RMB 20,780 per tonne, while the price in Tianjin and Linyi has grown by RMB 220 per tonne and RMB 200 per tonne to rest at RMB 20,790 per tonne and RMB 20,890 per tonne, respectively.

Backed on the increase in A00 aluminium ingot price, aluminium alloy (A356) price has gained RMB 300 per tonne, recording a back-to-back increase after a hike of RMB 350 per tonne on June 2. As of Monday, June 6, A00 aluminium ingot price has settled at RMB 21,950 per tonne, with average prices likely to range between RMB 21,800 per tonne and RMB 22,100 per tonne.

Aluminium alloys (ADC12) price and aluminium alloy (A380) price have grown by RMB 100 per tonne to total RMB 20,600 per tonne and RMB 21,600 per tonne, respectively, found SMM.

Among primary aluminium input costs, aluminium powder price has increased by RMB 0.30 per kg to stand at RMB 22.7 per kg, with average prices estimated to hover around RMB 22.6-22.8 per kg.