China’s A00 aluminium ingot price builds-up RMB210/t to open the week at RMB18860/t; Aluminium alloy(A356) price gains RMB100/t

A00 aluminium ingot price in China has increased by RMB 210 per tonne on Monday, November 8, following a sharp downfall of RMB 1,300 per tonne on Friday, November 5. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 18,860 per tonne, with average prices likely to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract is estimated to be traded at a premium price of RMB 80-40 per tonne.

In Wuxi and Foshan, A00 aluminium ingot price has hiked by RMB 215 per tonne and RMB 210 per tonne to stand at RMB 18,845 per tonne and RMB 18,950 per tonne, respectively. A00 aluminium ingot price is also standing at RMB 18,845 per tonne in Hangzhou but by declining RMB 205 per tonne. In Tianjin and Chongqing, the primary aluminium ingot price has climbed by RMB 200 per tonne and RMB 185 per tonne to settle at RMB 18,850 per tonne and RMB 18,910 per tonne, respectively, while the price in Linyi and Shenyang has grown by RMB 150 per tonne and RMB 95 per tonne to RMB 18,950 per tonne and RMB 18,875 per tonne.

Aluminium alloy (A356) price has gained RMB 100 per tonne to close at RMB 21,650 per tonne on Monday, November 8. The average prices are expected to range between RMB 21,600 per tonne and RMB 21,700 per tonne.

However, on the other hand, aluminium alloys (ADC12) price and aluminium alloy (A380) price have decreased by RMB 200 per tonne to stand at RMB 20,600 per tonne and RMB 21,800 per tonne, respectively.

Among primary aluminium input costs, aluminium powder price has inched up by RMB 0.20 per kg to come in at RMB 21.65 per kg on November 8. The average prices are estimated to range between RMB 21.6 per kg and RMB 21.7 per kg, found SMM.