A00 aluminium ingot prices keep rising in major China markets

Primary aluminium ingot prices edged higher across major markets in China. As on Wednesday, June 21, A00 aluminium ingot price in North China ranges between RMB 13,770-13,790 per tonne; average price stands at RMB 13,780 per tonne, up 0.58 per cent from its previous price of RMB 13,700 per tonne.

The price of A00 aluminium ingot (South China) is ranging between RMB 13,850-13,880 per tonne. The average price is the highest at RMB 13,865 per tonne, up 0.25 per cent from its previous price of RMB 13,830 per tonne.

A00 aluminium ingot price in East China- Zhejiang market stands at RMB 13,720.00 - 13,770 per tonne with the average price at RMB 13,745 per tonne (+0.48%).

A00 aluminium ingot price in Northeast China market stands at RMB 13,710.00 - 13,740 per tonne with the average price at RMB 13,725 per tonne (+0.59%).

The average price of A00 aluminium ingot in East China- Jiangsu market is also up by 0.51 per cent at RMB 13,745 per tonne. The price of the metal contract is hovering in the range of RMB 13,720.00 - 13,770 per tonne.

The maximum rise is overserved in A00 aluminium ingot (Southwest China).  The average price of this primary aluminium ingot variety stands at RMB 13,825 per tonne on June 21, up by RMB 90 (+0.66%) from its previous price RMB 13,735 per tonne.

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As of June 19, aluminium ingot stocks in China’s five domestic major markets (Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi) totalled 1.19 million tonnes, down 11,000 tonnes from June 15, according to SMM statistics. The figure, though down, is still high, and the decline is small.