China’s A00 aluminium ingot price slumps to RMB19000/t level; Alumina price in Guangxi suffers a loss of RMB10/t

A00 aluminium ingot price in China started the week on Monday, November 21, with a slump of RMB 250 per tonne to the level of RMB 19,000 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,980 per tonne and RMB 19,020 per tonne, with a spot contract to be traded at a premium price of RMB 50-90 per tonne.

In Linyi, primary aluminium ingot price has plunged by RMB 280 per tonne to stand at RMB 19,050 per tonne as of November 21, followed by a decline of RMB 270 per tonne in Gongyi and Hangzhou to RMB 18,940 per tonne and RMB 18,990 per tonne. In Wuxi and Foshan, A00 aluminium ingot price has shrunk by RMB 260 per tonne and RMB 250 per tonne to come in at RMB 19,000 per tonne and 19,060 per tonne, while the price in Chongqing, Tianjin, and Shenyang has decreased by RMB 240 per tonne, RMB 210 per tonne, and RMB 200 per tonne to peg at RMB 19,110 per tonne, RMB 19,020 per tonne, and RMB 19,000 per tonne.

Low carbon aluminium price has tumbled by RMB 253 per tonne to clock at RMB 19,658 per tonne on November 21, according to SMM.

Aluminium alloy (A356) price has dwindled by RMB 250 per tonne to clock at RMB 20,250 per tonne. The average prices are expected to range between RMB 20,100 per tonne and RMB 20,400 per tonne, learned SMM.

Aluminium alloys (ADC12) and aluminium alloy (A380) prices have slipped by RMB 50 per tonne to peg at RMB 19,350 per tonne and RMB 20,350 per tonne, respectively.

Among primary aluminium input costs, the average alumina spot price has inched down by RMB 1 per tonne to stand at RMB 2764 per tonne. In Guangxi and Guizhou, alumina price has suffered a loss of RMB 10 per tonne and RMB 5 per tonne, respectively, to clock at RMB 2,660 per tonne and RMB 2,705 per tonne.