China’s A00 aluminium ingot price opens the week with a decline of RMB280/t; Average alumina spot price moves up by RMB4/t

On Monday, July 11, A00 aluminium ingot price in China opened the week with a dropdown of RMB 280 per tonne to settle at RMB 18,180 per tonne. The average price for the same is expected to range between RMB 18,160 per tonne and RMB 18,200 per tonne, with spot contract to be traded at a discount price of RMB 50-10 per tonne.

However, on the other hand, the A00 aluminium ingot price witnessed a hike of RMB 240 per tonne and RMB 220 per tonne in Wuxi and Hangzhou to score at RMB 18,460 per tonne and RMB 18,500 per tonne. As per the SMM data, in provinces like Foshan and Gongyi, the primary aluminium ingot price plunged by RMB 310 per tonne and RMB 270 per tonne, to record at RMB 18,060 per tonne and RMB 18,100 per tonne. For the same day in Chongqing and Shenyang, the price decreased by RMB 240 per tonne and RMB 210 per tonne to peg at RMB  18,180 per tonne and RMB 18,210 per tonne. In Linyi and Tianjin, the price plummeted by RMB 260 per tonne and RMB 180 per tonne to stand at RMB 18,280 per tonne and RMB 18,230 per tonne.

The average alumina spot price in China has gone up by RMB 4 per tonne to halt at RMB 2,963 per tonne. The alumina price has remained restrained in most of the provinces, except Shanxi, where the price has grown by RMB 10 per tonne to stop at RMB 2,895 per tonne.

The domestic price of low-carbon aluminium for the same day has slipped by RMB 331 per tonne to stand at RMB 18,653 per tonne.

The high purity aluminium (99.99%) price and the high purity aluminium (99.996%) prices have also nosedived by RMB 300 per tonne to peg at RMB 26,200 per tonne and RMB 27,200 per tonne. The Australian alumina FOB price has declined by US$10 per tonne, opening the week at US$345 per tonne.

Aluminium alloy (A356) price has dropped the highest by RMB 300 per tonne to stop at RMB 19,250 per tonne. The average price for the same is expected to range between RMB 19,100 per tonne and RMB 19,400 per tonne. On the same day, the aluminium alloys (ADC12) price and (A380) prices descended by RMB 200 per tonne to close at RMB 18,400 per tonne and RMB 19,400 per tonne. The average price for (ADC12) is expected to hover between RMB 18,300 per tonne and RMB 18,500 per tonne. For (A380), the average price is expected to orbit between RMB 19,300 per tonne and RMB 19,500 per tonne.