
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops. Last week A00 Aluminum Ingot soared high on the news of advanced capacity cut in Henan province and it got corrected at the end of the week. The average price of A00 Aluminium Ingot would range between RMB 16,210 – 16,250/t and today’s average price stands at RMB 16,230/t, slightly up from RMB 16,170/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 240 - 200/t.
Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below:
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The fall in aluminium ingot prices also had a ripple effect in aluminium alloy prices lifting the prices of some aluminium alloys in the China market. Average price for Aluminum Alloy (A356) in the Chinese markets has been slightly up to RMB 16,900/t today from RMB 16,850/t yesterday.
As for other raw materials are concerned, Average prebaked anode prices in East China, Central China, Southwest China and Northwest China market have remained flat at RMB 4415/t, RMB4220/t, RMB4275/t and RMB4600/t for a week.
Bauxite (4.5≤Al/Si<5.5) prices in Shanxi and Henan have registered a slight rise today.
In another update from SMM, coal prices in China reached record highs in both producing regions and at ports, despite the low-demand season. Quotes for thermal coal at northern China ports reached RMB730/tonne on September 25.
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