A00 ingot prices drop further in major China markets; prebaked anode registers a rise

<p>The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have plunged continuously in last two days after the last gain on June 21 2017.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/A00INGOT.png" alt="News" width="754" height="317" /></p> <p>Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged from RMB 13,740/t on June 22 2017 to RMB <strong>13,690/t</strong> on June 23 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,815/t on June 22 to <strong>RMB </strong><strong>13,760/t</strong> on June 23. &nbsp;</p> <p>The price in East China market (Zhejiang) dropped from RMB 13,700/t on June 22 to <strong>RMB </strong><strong>13,650/t</strong> on June 23 and for Jiangsu province it dropped from RMB 13,695/t to <strong>RMB </strong><strong>13,640/t</strong>.</p> <p>For the Northeast China market, the price dropped from RMB 13,705/t on June 22 to <strong>RMB </strong><strong>13,650/t</strong> today. For the Southwest China market, the price dropped from RMB 13,745/t to <strong>RMB </strong><strong>13,690/t</strong> on June 23.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/chart%20(13).jpeg" alt="News" width="640" height="300" /></p> <p>On June 23, China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets for two consecutive days. &nbsp;</p> <p>A00 Aluminium Ingot in spot China market is trading at discounts-premium of RMB 100-70/t.</p> <p>{googleAdsense}</p> <p>As for the raw materials in the China market are concerned, prebaked anode prices have registered a dramatic rise on the back of tight supply and strong demand from the smelters.</p> <p>Prebaked Anode (TY-1) Northwest China has jumped from <strong>RMB </strong><strong>3,900/t </strong>on June 22 to<strong> RMB 4,100/t on June 23. </strong>Prebaked Anode (TY-1) Southwest China has jumped from <strong>RMB </strong><strong>3,500/t </strong>onJune 22 to<strong> RMB 3,600/t </strong>on June 23<strong>. </strong>Prebaked Anode (TY-1) Central China has jumped from <strong>RMB </strong><strong>3,550/t </strong>on June 22 to <strong>RMB 3,650/t </strong>on June 23<strong>. </strong>Prebaked Anode (TY-1) East China remains unchanged at <strong>RMB </strong><strong>3,905/t </strong>on June 23<strong>.</strong></p> <p>Spot alumina remains flat and so are other prime materials.Aluminium fluoride prices in China remain static at RMB 9,000-9,200 per tonne, and Cryolite too remains unchanged at RMB 6,000-6,200 per tonne as on June 23. &nbsp;</p>