China’s A00 aluminium ingot price mounts to RMB18,420/t; Low carbon aluminium price hikes by RMB300/t

A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne.

The A00 aluminium ingot price has expanded in all the major provinces. To begin with, the price in Gongyi has recorded a rise of RMB 330 per tonne to score at RMB 18,400 per tonne.On the same day, the price in Foshan, Wuxi and Hangzhou increased by RMB 300 per tonne to rest at RMB 18,330 per tonne, RMB 18,400 per tonne and RMB 18,450 per tonne. In Chongqing and Linyi, the price has hiked by RMB 290 per tonne and RMB 280 per to stand at RMB 18,430 per tonne and RMB 18,470 per tonne. A00 aluminium ingot price in Shenyang and Tianjin has grown by RMB 270 per tonne and RMB 240 per tonne to peg at RMB 18,420 per tonne and RMB 18,450 per tonne.

The domestic price of low-carbon aluminium in China soared up by RMB 300 per tonne to settle at RMB 18,933 per tonne.

The high purity aluminium (99.99%) price and high purity aluminium (99.996%) price have expanded by RMB 300 per tonne to stand at RMB 26,600 per tonne and RMB 27,600 per tonne.

The aluminium alloys (ADC12) price and aluminium alloy (A380) price has increased by RMB 100 per tonne to come in at RMB 19,100 per tonne and RMB 20,100 per tonne. The average price for the former is likely to range between RMB 19,000 per tonne and RMB 19,200 per tonne. For aluminium alloy (A380), the average price is expected to range between RMB 20,000 per tonne and RMB 20,200 per tonne. The aluminium alloy (A356) price has soared up by RMB 300 per tonne to stop at RMB 19,750 per tonne, with the average price expected to stand between RMB 19,600 per tonne and RMB 19,900 per tonne.

The aluminium powder price has inched up by RMB 0.3 per kg to come in at RMB 20.4 per kg, with the average price likely to orbit between RMB 20.3 per kg and RMB 20.5 per kg.