
According to the Shanghai Metals market, bauxite (4.5≤Al/Si<5.5) price in Shanxi has dropped by RMB 7.5 per tonne on Monday, November 22, to come in at RMB 492.50 per tonne. The average prices are likely to range between RMB 480-505 per tonne. The decline followed two consecutive days of restraint at RMB 500 per tonne on November 18 and 19.

Bauxite (4.5≤Al/Si<5.5) price in Henan has decreased by RMB 10 per tonne to RMB 500 per tonne, with average prices expected to range between RMB 490-510 per tonne, found SMM.
Among other primary aluminium input costs, caustic soda (32% concentration) price in Shandong has recorded a decline of RMB 15 per tonne on November 22 to RMB 915 per tonne. According to SMM, the average prices are expected to range between RMB 880-950 per tonne.
However, despite the decline in input costs, A00 aluminium ingot price has registered an increase of RMB 390 per tonne to RMB 18,920 per tonne on Monday, November 22. The average prices are estimated to range between RMB 18,900 per tonne and RMB 18,940 per tonne, with spot contract to be traded at a premium price of 100-60 per tonne, up by RMB 20 per tonne from the previous day.

In Shenyang and Hangzhou, A00 aluminium ingot price has surged by RMB 410 per tonne and RMB 400 per tonne to stand at RMB 18,950 per tonne and RMB 18,945 per tonne, respectively, followed by the hike of RMB 395 per tonne in Wuxi to RMB 18,935 per tonne and RMB 390 per tonne in Tianjin to RMB 18,950 per tonne. In Foshan and Linyi, primary aluminium ingot price has grown by RMB 370 per tonne to RMB 19,040 per tonne and RMB 19,010 per tonne, respectively.
Aluminium alloy (A356) price has climbed by RMB 400 per tonne on November 22 to RMB 21,450 per tonne. The average prices are expected to range between RMB 21,400 per tonne and RMB 21,500 per tonne, learned SMM.
Aluminium alloys (ADC12) price and aluminium alloy (A380) price have gained RMB 150 per tonne to RMB 20,400 per tonne and RMB 21,600 per tonne, as of November 22.
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