China’s aluminium ingot price jumps by RMB820/t; Aluminium alloy (ADC12) price stands at RMB 18300/t
SMM aluminium ingot price marked a big jump on Thursday, 25 February 2021. The aluminium price registered an increase of RMB 820 per tonne from Wednesday’s price of RMB 16740 per tonne. The price now stood at RMB 17560 per tonne today and is expected to move within a range of RMB 17540-17580 per tonne.
In Foshan and Wuxi, the price rose by RMB 820 per tonne and RMB 810 per tonne to stand at RMB 17560 per tonne and 17525 per tonne. Their average prices are expected to range within RMB 17540-17580 per tonne and RMB 17510-17540 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 17525 per tonne and 17530 per tonne, up RMB 770 per tonne and RMB 800 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 17510 per tonne, RMB 17515 per tonne, RMB 17360 per tonne, and RMB 17360 per tonne.
The aluminium alloy (ADC12) price was up by RMB 550 per tonne to RMB 18300 per tonne on Thursday, 25 February 2021. The price is expected to range at RMB 18200 per tonne-18400 per tonne. The prices of aluminium alloys in East, South and Southwest stood at RMB 18300 per tonne, RMB 18200 per tonne and RMB 18000 per tonne, an increase of RMB 550 per tonne each.
The Aluminium alloy (A380) and Aluminium alloy (A356) inched up by RMB 550 per tonne and RMB 800 per tonne to RMB 19300 per tonne and RMB 18250 per tonne on Thursday, 25 February 2021.
LME aluminium price closed 0.42% higher at US$2145.50/t; SHFE price soared by US$104/t to US$2700/t
Next articleChina's primary aluminium inventories extend week-on-week growth by 181,000 tonnes to 1.082MT
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