China’s A00 aluminium ingot price closes the week with a drop of RMB10/t; Alumina price inches up by RMB1/t

On Friday, June 30, China’s A00 aluminium ingot price closed the week with a fall of RMB 10 per tonne to close at RMB 18,540 per tonne, with the spot contract price expected to be traded at a premium price of RMB 250 per tonne to RMB 290 per tonne. The average prices are expected to orbit between RMB 18,520 per tonne and RMB 18,560 per tonne.

Except in Tianjin, the aluminium ingot price has decreased in all the provinces. In Tianjin, the price has been hiked by RMB 20 per tonne to score at RMB 18,570 per tonne. On the other hand, in Wuxi and Foshan, the prices have dropped by RMB 30 per tonne and RMB 20 per tonne to peg at RMB 18,500 per tonne and RMB 18,720 per tonne. As per the data, in Gongyi, Hangzhou and Chongqing, the prices have slipped by RMB 10 per tonne to close at RMB 18,340 per tonne, RMB 18,540 per tonne and RMB 18,560 per tonne. In Linyi, the price has also experienced the same price cut of RMB 10 per tonne to reside at RMB 18,460 per tonne. In Shenyang, the A00 aluminium ingot price has shown no change to settle at RMB 18,500 per tonne.

The average alumina spot price has gone up by RMB 1 per tonne to clock at RMB 2,816 per tonne. In Guangxi, the price has slumped by RMB 5 per tonne to reach RMB 2,790 per tonne. The domestic price of low-carbon aluminium has dwindled by RMB 15 per tonne to peg at RMB 19,323 per tonne.

The price of aluminium alloys (ADC12) remained restrained at RMB 18,400 per tonne. On the same day, aluminium alloy (A356) and (A380) have shown no change to close at RMB 19,250 per tonne and RMB 19,400 per tonne.