China’s A00 aluminium ingot price declines by RMB140/t; Low-carbon aluminium price dwindles by RMB164/t

On Wednesday, June 26, China’s A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,060 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may stand between RMB 20,040 per tonne and RMB 20,080 per tonne.

Region-wise price changes

According to the SMM data, the A00 aluminium ingot prices have fallen in all the provinces, with the highest in Foshan, followed by Tianjin, where they have slumped by RMB 160 per tonne and RMB 150 per tonne. The price in Foshan settled at RMB 19,840 per tonne, and in Tianjin, it reached RMB 20,110 per tonne.

In other regions like Gongyi, Hangzhou, and Linyi, the prices have contracted by RMB 140 per tonne to RMB 19,920 per tonne and RMB 20,060 per tonne. On the same day, the prices in Wuxi and Shenyang have dipped by RMB 130 per tonne to RMB 20,060 per tonne and RMB 20,040 per tonne. In Chongqing, the SMM aluminium ingot price has slipped by RMB 120 per tonne to RMB 19,980 per tonne.

Other prices

The Australian alumina FOB price has dropped by US$3 per tonne to US$507 per tonne. The domestic price of low carbon has also dwindled by RMB 164 per tonne to rest at RMB 20,787 per tonne.  As per the SMM data, the high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) have slumped by RMB 100 per tonne to clock at RMB 27,500 per tonne and RMB 28,500 per tonne.

The price of aluminium alloy A356 has decreased by RMB 150 per tonne to arrive at RMB 20,550 per tonne, with the average prices between RMB 20,400 per tonne and RMB 20,700 per tonne. For aluminium alloys (ADC12) and aluminium alloy (A380) the prices have slipped by RMB 50 per tonne to clock at RMB 19,950 per tonne and RMB 20,950 per tonne.

For aluminium alloys (ADC12), the average price is expected to orbit between RMB 19,850 per tonne and RMB 20,050 per tonne. The average prices of aluminium alloy (A380) may range between RMB 20,850 per tonne and RMB 21,050 per tonne.