A00 ingot prices get a boost in all major China markets; Chalco hikes price in South China

<p>A00 ingot prices got a boost in all major China markets on the back of aluminium capacity cut news buzzing in the market. It was also fuelled by Rusal&rsquo;s estimate published yesterday that says winter cuts by Chinese government may result in an annualized production loss of 1.2 million tonnes in China at the end of the year.</p> <p>The average prices for A00 Aluminium Ingot for all major Chinese markets (North, South, North-East and South-West) have registered a leap on July 28.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/chart%20(26).jpeg" alt="News" width="517" height="226" /></p> <p>Among the domestic markets, the average price for A00 Aluminium Ingot for North China market has increased to RMB <strong>14,225/t</strong>. In the South China market the price increased to RMB <strong>14,290/t. </strong>The price gap between the two market increased toRMB <strong>65/t. </strong></p> <p>The price in East China market (Zhejiang) jumped to RMB<strong>14,275/t</strong> and for Jiangsu province it increased to RMB<strong>14,210/t</strong>.</p> <p>For the Southwest China market, the price increased to <strong>RMB </strong><strong>14,210/t</strong> and for Northwest China market it stood at RMB<strong>14,210/t</strong>.</p> <p>A00 ingot prices have hovered around the 14,000 mark in all the major markets for some time indicating a bullish trend. A00 Aluminium Ingot in spot China market is trading at discounts of RMB<strong> 1</strong><strong>70 - 130/t.</strong></p> <p>{googleAdsense}</p> <p>&nbsp;</p> <p>China Aluminum International Trading Co. (Chalco Trading) has increased aluminium prices it offered in South China market to RMB <strong>14.330/t</strong> but cut it to RMB <strong>14.330/t</strong> in Central China. Prices remain flat in East China and Southwest China market.</p> <p>Aluminium alloy prices (A380 and A356) remain flat in China today.&nbsp;</p>