China’s A00 aluminium ingot price slips by RMB20/t after three days of hike; Aluminium alloy (A356) price grows to RMB19750/t

A00 aluminium ingot price in China has recorded a dip of RMB 20 per tonne on Wednesday, July 14, following the past three consecutive days of decline, found the Shanghai Metals Market. Therefore, the price is standing at RMB 19,140 per tonne, with average prices expected to range between RMB 19,120 per tonne and RMB 19,160 per tonne. The spot contract is likely to be traded at a premium price of RMB 50-10 per tonne, up by RMB 10 per tonne from the previous day.

Except in Tianjin where the primary aluminium ingot price has registered an increase of RMB 20 per tonne to RMB 19,140 per tonne, all other Chinese cities have witnessed declines. In Wuxi and Chongqing, A00 aluminium ingot price has decreased by RMB 40 per tonne to come in at RMB 19,130 per tonne and RMB 19,090 per tonne, respectively. In Hangzhou and Gongyi, the price has dropped by RMB 30 per tonne and RMB 20 per tonne to stand at RMB 19,150 per tonne and RMB 19,010 per tonne.

Aluminium alloy (A356) price, on the other hand, has gained RMB 100 per tonne to stand at RMB 19,750 per tonne as of July 14. The average prices are expected to range between RMB 19,700 per tonne and RMB 19,800 per tonne.

Aluminium alloys (ADC12) price and aluminium alloy (A380) price have grown by RMB 50 per tonne to peg at RMB 18,400 per tonne and RMB 19,400 per tonne, respectively.

Among primary aluminium input costs, aluminium fluoride price has declined by RMB 150 per tonne to stand at RMB 7,450 per tonne. The average prices are likely to range between RMB 6,900-8,000 per tonne.

Aluminium powder price has inched up by RMB 0.10 per kg to close at RMB 22.65 per kg.