A00 aluminium price rises again in China despite a fall or restraint in input costs

According to the data by Shanghai Metals Market, the A00 aluminium ingot price in China once again sees a growth today, on October 17, from RMB 14190 per tonne, as on the previous day, to RMB 14290 per tonne. This marks an increase by RMB 100 per tonne. The average prices are expected to range between RMB 14270 per tonne and RMB 14310 per tonne, with spot discounts to settle at RMB 70 per tonne to RMB 30 per tonne.

This rise in aluminium ingot price for the past two days in a row has touched all the major markets in China, SMM found. The markets in the east, south, have seen a rise by RMB 100 per tonne each while the market in the north, has witnessed a price hike by RMB 90. While in the east, the ingot price today is hovering at RMB 14275 per tonne; in the south and north, the prices are found at RMB 14340 per tonne and RMB 14290 per tonne.

However, the rise in aluminium ingot price has been occurring in the past two days despite a fall in alumina spot price. While yesterday the ingot price remained unchanged at RMB 3066 per tonne, today the price dropped to RMB 3048 per tonne. In the east and central, the prices continued to show restraint at RMB 3080 per tonne and RMB 3050 per tonne; in the north and south, the prices registered a drop by RMB 35 per tonne and RMB 25 per tonne to RMB 3040 per tonne and RMB 3055 per tonne, respectively.

Other input costs like bauxite, pre-baked anode, and aluminium fluoride also continued to remain unchanged at RMB 570 per tonne, RMB 3675 per tonne, and RMB 11100 per tonne.