Average alumina spot price in China stands at RMB 3,143; A00 aluminium ingot price surges by RMB 210/t

On Thursday, January 28, the average alumina spot price in China has remained unchanged to close at RMB 3,143 per tonne, found the Shanghai Metals Market.

In provinces like Shandong and Guizhou, the price has remained restrained to close at RMB 3,145 per tonne and RMB 3,020 per tonne. For the same day in Henan and Shanxi, the price has been recorded at RMB 3,170 per tonne and RMB 3,155 per tonne. In Guangxi and Lianyungang the price stood at RMB 3,060 per tonne and RMB 3,000 per tonne. In Bayuquan, the price has been registered at RMB 3,050 per tonne.  

The A00 aluminium ingot price has moved up by RMB 210 per tonne to score at RMB 21,650 per tonne. The average price for the same has closed at RMB 21,630 per tonne and RMB 21,670 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne.

In Gongyi and Foshan, the price has escalated by RMB 210 per tonne to close at RMB 21,470 per tonne and RMB 21,660 per tonne, for the same day. On the other hand in Hangzhou and Tianjin, the price has stepped up by RMB 200 per tonne to score at RMB 21,650 per tonne and RMB 21,580 per tonne. In Wuxi and Chongqing, the price has moved up by RMB 195 per tonne and RMB 230 per tonne, to peg at RMB 21,640 per tonne and RMB 21,670 per tonne. In Shenyang and Linyi, the price has ascended by RMB 210 per tonne and RMB 170 per tonne. The price for the same registered at RMB 21,580 per tonne and RMB 21,620 per tonne.

The aluminium alloy (ADC12) price and (A380) price has remained unchanged to settle at RMB 21,150 per tonne and RMB 22,350 per tonne. 

The aluminium alloy (A356) price has increased by RMB 200 per tonne to close at RMB 23,200 per tonne. The average price for the same is expected to range between RMB 23,150 per tonne and RMB 23,250 per tonne.