Average alumina price in China expands to RMB3010/t after a restraint last day; but A00 aluminium ingot price drops by RMB30/t

The average alumina spot price in China has recorded an increase of RMB 4 per tonne on Friday, April 22, following a restraint on the previous day. According to the Shanghai Metals Market, the price has closed the week at RMB 3,010 per tonne.

However, the alumina price growth has not touched upon all the major Chinese provinces, except Shandong, Guangxi, and Henan. In Shandong, alumina spot price has elevated by RMB 15 per tonne to stand at RMB 3,005 per tonne, while the price in Guangxi and Henan has grown by RMB 10 per tonne and RMB 5 per tonne to RMB 3,000 per tonne and RMB 3,060 per tonne, respectively.

Meanwhile, A00 aluminium ingot price in China has dropped by RMB 30 per tonne to stand at RMB 21,800 per tonne on Friday, April 22. The average prices are expected to range between RMB 21,780 per tonne and RMB 21,820 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne, found SMM.

But not all Chinese provinces have witnessed primary aluminium price drop on April 22. For instance, the ingot price in Shenyang has expanded by RMB 40 per tonne to settle at RMB 21,820 per tonne, followed by the increase of RMB 30 per tonne in Chongqing and Gongyi to rest to RMB 21,890 per tonne and RMB 21,860 per tonne, respectively. In Tianjin, primary aluminium ingot price has climbed by RMB 20 per tonne to close at RMB 21,800 per tonne.

On the other hand, cities like Wuxi, Hanzhou, Foshan, and Linyi have witnessed a drop in the primary aluminium ingot price. In Wuxi, the price has shrunk by RMB 35 per tonne to settle at RMB 21,790 per tonne, followed by the decline of RMB 30 per tonne in Hangzhou to RMB 21,920 per tonne and RMB 20 per tonne in Foshan and Linyi to RMB 21,940 per tonne and RMB 21,900 per tonne, respectively.

Aluminium alloy (A356) price has also registered a downfall on April 22 by RMB 50 per tonne to come in at RMB 22,950 per tonne, learned SMM. The average prices are estimated to range between RMB 22,800 per tonne and RMB 23,100 per tonne. But aluminium alloys (ADC12) price and aluminium alloy (A380) price have recorded no change from the previous day and remained muted at RMB 21,800 per tonne and RMB 22,800 per tonne, respectively.