A00 aluminium ingot price shrinks by RMB110/t to RMB17380/t; Aluminium fluoride price declines to RMB8300/t

A00 aluminium ingot price in China has opened the week on Monday, April 12, with a decline of RMB 110 per tonne to RMB 17,380 per tonne, following two consecutive hikes last week from RMB 17,390 per tonne to RMB 17,490 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 17,360 per tonne and RMB 17,400 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne.

In Linyi, Tianjin, and Shenyang, A00 aluminium ingot price is standing at RMB 17,370 per tonne, registering downfalls by RMB 130 per tonne, RMB 110 per tonne, and RMB 105 per tonne, respectively. In Hangzhou, primary aluminium ingot price has plunged by RMB 115 per tonne to RMB 17,410 per tonne, while the price in Wuxi and Chongqing has declined by RMB 110 per tonne to RMB 17,390 per tonne and RMB 17,350 per tonne, respectively. In Gongyi and Foshan, A00 aluminium ingot price has fallen by RMB 100 per tonne and RMB 90 per tonne to come in at RMB 17,290 per tonne and RMB 17,420 per tonne, respectively.

Among the primary aluminium input costs, aluminium fluoride price has shrunk by RMB 175 per tonne to stand at RMB 8,300 per tonne as of Monday, April 12, according to SMM. The average prices are expected to range between RMB 7,800 per tonne and RMB 8,800 per tonne.

Aluminium powder price has inched down by RMB 0.10 per kg to close at RMB 20.95 per kg, with average prices expected to range between RMB 20.90-21 per kg.

Aluminium alloys (A356) price has decreased as well by RMB 100 per tonne to come in at RMB 18,050 per tonne. However, the prices of aluminium alloys (ADC12) and aluminium alloy (A380) have remained restrained at RMB 17,850 per tonne and RMB 18,850 per tonne, respectively.