A00 ingot prices drop in major China markets; Chalco alumina registers a gain

The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have plunged further after the last gain on June 2 2017.

Currently, among the domestic markets, the prices for A00 Aluminium Ingot for North China market have plunged 0.66% down from RMB 13,690/t on June 5 2017 to RMB 13,600/t on June 6 2017. A00 Aluminium Ingot at South China market plunged from RMB 13,735/t on June 5 to RMB 13,630/t on June 6.  

The price in East China market (Zhejiang) dropped from RMB 13,680 /t on June 5 to RMB 13,590/t on June 6 and for Jiangsu province it dropped from RMB 13,670/t to RMB 13,580/t. For the Northeast China market, the price dropped from RMB 13,670 /t on June 5 to RMB 13,610/t. For the Southwest China market, the price dropped from RMB 13,710 /t to RMB 13,615/t on June 6.

A00 Aluminium Ingot in spot China market is trading at discounts of RMB 70-30/t.

As on June 6, price for Aluminium Alloy (A380) in China remains flat at RMB 15,650/t and is expected to move within a range of RMB 15,550- 15,750/t over the day. Aluminium Alloy (A356) price dropped from RMB 14,350/t to stand at RMB 14,250 on June 6 and is expected to move within a range of RMB 14,300- 14,400/t.

{googleAdsense}

Spot alumina prices in all the major Chinese markets remain flat after registering a gain on June 5 2017.

As on June 6 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market stands at RMB 2,610 /t.  In the Central China Market, the average spot alumina price stands at RMB 2,600 /t. The average spot alumina price in South China stands at RMB 2,570/t today and in the North China Market, the price stands at RMB 2,600/t. Market price difference between North China and South China remains unchanged at RMB 30/t today.

Chalco alumina prices gained 3.92% to RMB 2,650/t on June 5 after a week of flat run. On June 6, Chalco alumina prices remain unchanged and are expected to move within a range of RMB 2,600- 2,700/t. In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t.