China’s alumina price rises by RMB 13/t; Aluminium price stands lower at RMB 18370/t
The alumina price in China has increased by RMB 13 per tonne on Thursday, 27 May 2021, after remaining flat for the two days in a row. The price stands at RMB 2462 per tonne, from 2449 per tonne, as updated by Shanghai Metals Market.
Alumina price in Shandong has climbed by RMB 15 per tonne to stand at RMB 2450 per tonne. The prices of alumina in Henan and Shanxi China markets have increased to stand at RMB 2475 per tonne each on Thursday, 27 May 2021, up by RMB 20 per tonne and RMB 10 per tonne.
SMM aluminium ingot price stands lower at RMB 18370 per tonne on Thursday, 27 May 2021. This marks a drop of RMB 20 per tonne after two days of rise. The price is expected to range at RMB 18350-18390 per tonne.
In Wuxi and Hangzhou, the price has inched up by RMB 10 per tonne each to stand at RMB 18385 per tonne and RMB 18395 per tonne on Thursday, 27 May 2021. Aluminium ingot prices in Foshan, Shenyang, Chongqing, Tianjin, Linyi and Gongyi have declined to stand at RMB 18540 per tonne, RMB 18390 per tonne, RMB 18375 per tonne, RMB 18370 per tonne, RMB 18410 per tonne and RMB 18360 per tonne.
US alumina imports improve 32.48% Q-o-Q to 416,000 tonnes in 1Q2021, but exports shrink 7% to 46,800 tonnes
Next articleWorld alumina production declines 2.6% M-o-M but increases 6.9% on year to stand at 11.598 MT: IAI
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